The insurance industry's worst-kept secret is finally out. Clearview has been sold to Zurich for $415 million. In this episode, Trent and Phil break down the deal, what it means for existing policyholders, and speculate on what Zurich might do with the Clearview brand next.
But before the speculation, they take a walk through the history of every major Australian life insurer acquisition over the last decade. AMP, BT, CommInsure, OnePath, Integrity... what actually happened after each one?
They also get into whether market consolidation is good or bad for advisors and clients, and what Swiss Re's recent moves mean for the reinsurer market. All opinions are general in nature and do not constitute financial advice.
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The advice shared on My Risk Adviser is general in nature and does not consider your individual circumstances. My Risk Adviser exists purely for educational purposes and should not be relied upon to make a financial decision.
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