TAL wraps up Suncorp sale, names integration chief
TAL has completed its acquisition of Suncorp’s life insurance business and has appointed Andrew Howard as Chief Commercial Officer to lead the integration.
Mr Howard was previously COO and interim CEO at REST Super.
TAL CEO and MD Brett Clark says the integration will begin immediately. The $725 million sale, agreed last September, was delayed while Suncorp awaited regulatory approval.
The deal includes a 20-year distribution agreement with TAL to offer life products through Suncorp channels. All Suncorp’s life products will be added to TAL’s product list.