Honan links with MBS Insurance
A new life insurance business has been established via the linking of Australian owned insurance and financial services broker Honan Insurance Group chief executive, Damien Honan and risk specialist practice MBS Insurance partner Drew Burden.
The pair have linked to create a new company Honan Life Insurance Group aimed at improving at improving client engagement.
Commenting on the move, Honan said the alliance with MBS Insurance under the Honan Life Insurance Group would create the ability to enhance the firm’s marketplace and client offering with a more inclusive integrated insurance service.
Honan Insurance Group has 180 employees with offices in Melbourne, Sydney, Brisbane, Perth, New Zealand, Singapore and the US via its membership of the of the Worldwide Broker Network.
Headquartered in Sydney, MBS Insurance was started in 2006.
Recommended for you
The Federal Court has dismissed a conflicted remuneration case brought by ASIC against the director of life insurance distributor Freedom Group, where Bali holidays and Vespa purchases were among sales incentives.
Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Planning Association of Australia.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.

