The value of group life bragging rights

11 March 2019
| By Rollover |
image
image
expand image

Rollover offers his congratulations to Brett Clark and his team at TAL for successfully completing the acquisition of Suncorp’s life insurance business.

Brett and the team announced completion of the transaction on 28 February which, despite the chunky nature of the acquisition, happened a lot sooner than AIA’s completion of its acquisition of the Commonwealth Bank’s CommInsure business.

What Rollover does know is that, for the time being at least, the bedding down of the Suncorp Life acquisition means that TAL’s position as market leader is safe.

AIA’s chief executive, Damien Mu and TAL’s Clark have long maintained a convivial competitive attitude about the relative scale of their businesses and Rollover had believed that Mu might achieve boasting rights via the CommInsure acquisition.

Not to worry, all the indicators suggest that the CommInsure transaction will be bedded down before the end of the current financial year and Mu can claim bragging rights as will be his due.

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. ...

1 year 1 month ago
Kevin Gorman

Super director remuneration ...

1 year 1 month 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 ...

1 year 1 month ago

While the controversial measures have received little support in the Senate, the think tank has said Division 296 would “make the nation’s super system fairer”....

13 hours ago

In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super...

13 hours ago

With the merger between Mine Super and TWUSuper in its late stages, the head of the soon-to-be combined fund is the latest to join ASFA’s board. ...

13 hours ago

TOP PERFORMING FUNDS