About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, September 20th, 6:10PM
Latest Headlines

Shake-up won't disrupt adviser business: Suncorp

Suncorp says it will retain its links with its third-party distribution network, after a structural shake-up.

Tuesday, March 8th 2016, 6:00AM

It announced last week that it is to carry out a corporate reorganisation of its New Zealand businesses.

Asteron Life, Vero and AA Life brands will sit under the Suncorp New Zealand name.

In its release detailing the new structure, including a new role for Asteron boss Nadine Tereora, Suncorp mentioned Asteron in its initial paragraph but then went on to discuss the promotion of general insurance.

There were concerns raised that the company could be signaling a move away from third-party distribution. In Australia, Suncorp last year shut its risk advice-focused Guardian Advice and Suncorp Financial Planning businesses.

But Suncorp said advisers would remain important under its new business model.

“Asteron Life and Vero Insurance are proud intermediated brands that have protected New Zealanders for more than 135 years. Both companies continue to strongly support the advice and advocacy that advisers and brokers alike provide to their clients," a spokesman said.

“We remain committed to working with our intermediated partners and customers in the life and general insurance markets. Our new model will expand choice, manage emerging risks and improve our service levels to ensure New Zealanders remain protected by the strength and breadth of our organisation.”

Tags: Asteron

« Asteron now under Vero leadershipSovereign reassurance amid CBA claims »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
Insurance Briefs

Asteron and Fidelity go head to head for award

nib enters ASX 100
nib health funds has been added to the ASX 100 index as part of the September 2019 quarterly rebalance of the S&P/ASX Indices.

AIA's shot at a TV ad
AIA New Zealand joins forces with Dame Valerie Adams to help Kiwis live healthier, longer, better lives.

Southern Cross recognised
Southern Cross Health Society has been recognised as one of Australasia’s top 10 ‘Most Innovative Companies’ for BeingWell, its corporate health and wellness programme.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com