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TAL restructures business

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TAL has realigned its business around individual life, group life and investments lines in response to structural changes in the life market.

The realignment comes after TAL acquired Asteron Life earlier this year from Suncorp and integrated it into its existing retail business. Some jobs were lost as a result.

Its Chief Distribution Officer Tim Thorne has been appointed Chief Commercial Officer – Individual Life and will be responsible for bringing end-to-end solutions to financial advisers and customers in the direct and retail markets.

Former chief commercial officer Andrew Howard will now be CCO – Group Life and Investments.

The insurer has also promoted Jenny Oliver to the new role of Chief Claims Officer. She was previously general manager – Group Insurance.

Darren Wickham has been made EGM – Group Life, and Gavin Teichner is now EGM – Individual Life.

TAL Group CEO Brett Clark says the roles will give TAL greater agility in a rapidly changing insurance landscape and allow more effective and efficient management of its relationships.