Insurer restructures business to 'simplify operations'

Insurer restructures business to 'simplify operations' | Insurance Business

Insurer restructures business to

The Hollard Insurance Company (Hollard) has this week taken over the distribution operations of Real Insurance in a bid to “simplify operations”.

Real Insurance and Hollard are wholly owned subsidiaries of Hollard Holdings Australia Group, which houses the general insurance side of the business.  

Hollard has taken over the distribution operations of Real including working with partners Australian Seniors Insurance Agency and Woolworths.

Hollard managing director Richard Enthoven said: “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.”

There is no change in effective ownership within the Hollard Group. Real employees have been transferred across to Hollard on comparable terms and with relevant entitlements being recognised.  

The life insurance operations also remain unaffected.