The Mercantile Mutual Insurance Company was an Australian insurance and financial services company. It was established in 1878,[1] and lasted until 2001, when it became part of ING Australia.[2] The insurance portion of the business was later sold to ANZ and branded as OnePath in 2010.[3][4]
In 2017, ANZ announced the sale[5] of the OnePath business as the Wealth Australia life insurance business to Zurich Financial Services Australia (Zurich)[6] and ANZ's OnePath Pensions and Investments and Aligned Dealer Group businesses ("OnePath P&I") to IOOF Holdings (now Insignia Financial)[7][8]
This sale was completed in 2022.[9]
The history of the Mercantile Mutual Insurance Company is contained in the book 'Servant of a century : the first 100 years of the Mercantile Mutual Insurance'[10]
Mercantile Mutual sponsored the Australian domestic limited-overs cricket tournament from 1992 to 2001, when it was called the "Mercantile Mutual Cup"[11] for that time.
Further reading
- Servant of a Century: The First 100 Years of the Mercantile Mutual Insurance (1978)
References
- Major Companies of The Far East and Australasia 1992/93: Volume 3: Australia and New Zealand Graham and Trotman, 1992, retrieved 14 September 2023^
- Lachlan Gilbert. Mercantile Mutual name to disappear Money Management, Momentum Media, 12 February 2001, retrieved 14 September 2023^
- ANZ rebrands ING as OnePath