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Aussie picks AMP for mortgage insurance 29 August 2008
Customers of Aussie Home Loans will be offered mortgage insurance through AMP under a strategic alliance announced yesterday. "We want to offer the product to provide the necessary protection for families, who should not be forced into moving home at a time of extreme stress", Aussie executive chairman John Symond said. AMP won a competitive tender process to provide the service to Aussie customers said Symond. Aussie already has deals with GE to provide car and personal loans and ANZ to issue its Aussie Mastercard. Aussie has 220,000 customers and says it will seek further distribution agreements with trusted brands.