Powered by MOMENTUM MEDIA
subscribe to our newsletter

Non-bank launches insurance group

An Australian non-bank lender has launched a new insurance group to provide a range of credit insurance solutions to its clients.

After receiving a general insurance licence from APRA earlier this year, Liberty Financial’s LFI Group is now authorised to provide general insurance products in Australia, including mortgage protection, loan protection and vehicle equity insurance.

Through a partnership with leading commercial, rural and personal insurance provider CGU, LFI has also broadened its range of general insurance options for home and motor vehicle customers.

The group commences trading with an initial capital investment equal to two times the minimum prudential capital requirement, the group confirmed.

“LFI aims to deliver a great experience for both our customers and our preferred business partners,” LFI Group general manager Dean Cullen said.

Advertisement
Advertisement

PROMOTED CONTENT


“With a simple application process and direct access to our underwriting and claims teams, we offer unmatched finance and insurance integration,” Mr Cullen said.

LFI will initially be working with Liberty Financial as a preferred business partner with plans to expand its relationships over time.

Non-bank launches insurance group
mortgagebusiness

Latest News

Banks, mortgage brokers and lenders could receive sizeably larger bills for ASIC’s industry levies come January 2022. ...

Brisbane digital non-bank lender WLTH is set to open a $15-million capital raise, while signalling plans to drive its next scale-up phase an...

The major bank has agreed to provide a sustainability-linked loan to a Queensland beef producer in a “first” for the agriculture industr...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.