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

 A big four bank has announced that its cash earnings will be hit by a further $341 million in remediation costs. ...

The residential property market remains “overvalued” and is approaching a tipping point, an economist has said, despite recent signs of ...

The debate surrounding the efficacy of stamp duty has resurfaced, with the NSW government launching a new review into its revenue system.  ...

FROM THE WEB
podcast

LATEST PODCAST: Transparency around rate cuts

Do you think the mortgage market will see more consolidation this year?

Website Notifications

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