TAL takes all of Lifebroker
Life insurer TAL this week acquired all of the shares in the online life insurance business Lifebroker that it did not already own.
Lifebroker is an online life insurance comparator that provides consumers choice and comparison of life insurance products from a range of different life insurance companies.
Confirming the transaction, TAL Life chief executive Brett Clark said that consumers were continuing to seek objective comparisons of life insurance products and that it was a fundamental proposition of the Lifebroker business model that would continue to be supported.
"Lifebroker has built a reputation on the objective comparison of life insurance products from a range of different life insurers. We strongly support consumer choice and a competitive life insurance market," Clark said.
TAL had held a 10 per cent stake in Lifebroker for three years.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
