Zurich will keep the OnePath brand following the completion of its acquisition of ANZ's life insurance business later this year.
Speaking at a financial adviser roadshow recently, Zurich life and investments chief executive Tim Bailey said both the Zurich and OnePath brands will remain active following the completion of the transaction.
Zurich is in the process of acquiring ANZ's OnePath life insurance business, while IOOF is buying the bank's pensions and investments division.
Both transactions are on track to complete by November 2018.
"We know that both the Zurich and OnePath propositions are very highly regarded in the market and are regularly acknowledged for their strength across claims service, product innovation and value for money," Mr Bailey said.
Both brands will operate alongside each other in the Australian life insurance market, he said.
"Advisers are telling us they need more choice not less. The OneCare product range is well established and well regarded by customers and advisers alike, and we plan to invest further in that range, giving advisers more options to tailor cover to the specific needs of their clients," Mr Bailey said.
"We’ve have very strong enduring partnerships with ANZ and IOOF going back many years and this has helped us make excellent progress with a reasonably complex transaction," he said.
The ifa Excellence Awards are back in 2021 and nominations are now open! This prestigious accolade recognises exceptional professionals within the financial advice industry, shining a light on the outstanding achievements from the nation's best and brightest. If this sounds like you or someone you know, then nominate today for the ifa Excellence Awards 2021!
Pendal Group has announced that it has completed the acquisition of a US-based fund manager. ...
AMP Capital’s independent board committee has rejected all three suitors lined up to take over management of its Community Infrastructure ...