Suncorp completes sale of its general insurance distribution business

Suncorp completes sale of its general insurance distribution business | Insurance Business

Suncorp completes sale of its general insurance distribution business

Suncorp has completed the sale of its Australian general insurance distribution business, Resilium.

Resilium now operates as a standalone business, led by Adrian Kitchin, who continues as managing director. A strategic alliance agreement will also see Resilium distributing Suncorp’s GIO and Vero-branded products.

Read more: Australian insurance giant offloads general insurance distribution business

“Suncorp’s relationship with Resilium will continue as we work together to build a strong, successful partnership, with a sharp focus on delivering value to our customers and helping them protect what matters most," said Pip Marlow, Suncorp CEO of customer marketplace. “This is an exciting new chapter for Resilium, and we wish Adrian and the team the very best.”