Allianz Australia completes Westpac general insurance swoop



Allianz Australia inaugurated in July the finalization of its acquisition of general insurance from Westpac Banking Corporation.

“Today marks an important step in our strategy to grow our partnerships and our consumer insurance portfolio in Australia,” said Allianz Australia Managing Director Richard Feledy. “Not only does this allow Allianz to become Australia’s third-largest insurer, it also represents significant growth for our talented team.

“We are delighted to welcome our new colleagues to our organization, knowing that our team and our clients will benefit from their rich collective experience. “

More than 350 lender’s property and casualty insurance employees have now officially joined Allianz.

Meanwhile, today also marks the start of Allianz’s exclusive 20-year agreement with Westpac to distribute general insurance products to the bank’s customers.

“Allianz and Westpac both share a commitment to simplicity and the provision of customer-centric products and services,” commented Feledy. “These aligned values ​​have provided us with a solid foundation to build on, and we are excited to enter the next phase of our long-term partnership with Westpac. “



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