Hollard has announced an internal restructure aimed at simplifying operations and giving better support to partners.

Hollard Insurance Company has taken over the distribution operations of Real Insurance, including for partners such as Woolworths and Australian Seniors Insurance Agency.

The two businesses, both Hollard Holdings Australia subsidiaries, have merged and will operate as Hollard only.

MD Richard Enthoven says there is no change in effective ownership within the group.

“In a nutshell, our reasoning for the change is to simplify these operations by allowing Hollard, as underwriter, to distribute directly and better support our partners,” he told insuranceNEWS.com.au.

“All of Real’s employees have been transferred across to Hollard on comparable terms and with relevant entitlements being recognised. Our life insurance operations also remain unaffected.”