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Royal & SunAlliance bids for Tower's suitor

Wednesday 17th of February 1999

Royal & Sun Alliance Australia Holdings Ltd (RSA) has announced that it is making an A$2.80 per share cash offer for Tyndall Australia Ltd through its wholly owned subsidiary Royal & Sun Alliance Life Assurance Australia Ltd (RSA Life).
The offer values Tyndall at approximaetly A$738 million and represents a 16.1 per cent premium to Tyndall's weighted average shareprice over the past...

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Latest Comments

Fidelity Life offers premium relief to customers affected by flooding

Stay in touch with your Clients and Prospective Clients, not by email, not by text Pick up the phone and meet them for a coffee, or a wine…

3 weeks ago AlBean

Fidelity Life offers premium relief to customers affected by flooding

Longitude68 is right that AI is reshaping wealth advice fast - it's already widespread offshore, even if not yet here, and our industry will need to catch up quickly to deliver more deliberate, efficient client solutions. That said, most clients I encounter - largely Silent Generation and Boomers - will keep paying a relationship premium, within reason, to continue with a trusted advisor. Technology's real impact will be displacing advisers built around a single product or philosophy, which will be exposed as the commodities they are.

1 month ago Pragmatic

Can the NZ economy grow while house prices stagnate?

Between Silk & Conway they currently receive from the NZ taxpayer a salary package in excess of $1M annually. Given they and former Reserve Bank Governor Adrian Orr were collectively responsible for the decisions which saw NZ house prices spiral out of control it's baffles belief now that they still have jobs.

1 month ago Amused

Fidelity Life offers premium relief to customers affected by flooding

you will never give or receive a warm handshake from AI when you are seeing a client for a terminal illness claim, and you both know you will never see each other again. AI can not look a widow in the eye and tell her it will take care of things, and it will be OK.

1 month ago Aggressively_passive

Fidelity Life offers premium relief to customers affected by flooding

A high level of my appointments are now being made with an AI agent. “Sarah” responds to inquiries by phone, converses with prospective clients then books them into my calendar. Yesterday a prospect asked Sarah whether she was an AI robot. Sarah responded with a yes and continued to tell him a joke, which he had requested. That interaction was enough for this engineer to proceed with a booked appointment with me. Only time before this old dog is replaced I guess.

1 month ago John Milner

Good Returns was established in 1997 and was one of the first successful online publishers in New Zealand and continues to be a publishing leader. Good Returns is held in high-regard by its target audience, the financial services industry. A team of highly experienced business journalists update the site daily with topical, breaking and relevant news and views. The team is led by founder and publisher Philip Macalister.