Life/risk focused group see potential for growth

31 October 2019
| By Mike |
image
image
expand image

Despite the continuing uncertainties confronting the life/risk sector, newly-merged MBS Insurance and Complete Risk Analysis have confirmed ambitions for further growth via joint ventures and alliances.

The merger between the two firms was announced in August and completed this month, meaning that the business now comprises 18 authorised representative financial advisers backed by 40 administrative staff accounting for $55 million in premiums under management.

Confirming the completion of the merger, company spokesman Kris Mason said the group had received interest from financial advisers but that it would be undertaking a careful growth strategy.

“We are not obsessed with attracting advisers for growth’s sake,” he said.

Mason said, however, that the group was in discussion with a number of potential joint venture and alliance partners.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

3 days 4 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

3 days 4 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

3 days 5 hours ago