Powered by MOMENTUM MEDIA
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.

Advertisement
Advertisement

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.

“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

The number of housing finance commitments from first home buyers has fallen for the second consecutive month, new ABS data has revealed, wit...

The neo-lender has successfully completed its capital raise designed to fund the acceleration of its growth strategy. ...

Home building commencements dropped in the September quarter, reflecting poor conditions in the housing market in early 2019, according to t...

FROM THE WEB
podcast

LATEST PODCAST: Appointment changes in the finance space

Do you think Australia will move to quantitative easing this year?

Website Notifications

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