Mercantile Mutual

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.

References

  1. ↑ Major Companies of The Far East and Australasia 1992/93: Volume 3: Australia and New Zealand. Graham and Trotman. 1992. p. 89. Retrieved 14 September 2023.
  2. ↑ Gilbert, Lachlan (12 February 2001). "Mercantile Mutual name to disappear". Money Management. Momentum Media. Retrieved 14 September 2023.
  3. ↑ "ANZ rebrands ING as OnePath". The West Australian. 4 August 2010. Retrieved 14 September 2023.
  4. ↑ "About OnePath". OnePath. Retrieved 14 September 2023.
  5. ↑ "Update on Wealth Australia Divestments - ANZ" (PDF). ANZ Shareholder update. 12 December 2017. Retrieved 26 March 2026.
  6. ↑ "Zurich enters agreement to acquire ANZ's life insurance businesses in Australia". www.zurich.com. Retrieved 2026-03-26.
  7. ↑ "Successful separation of Pensions & Investments Business from ANZ". Insignia Financial. 24 October 2020. Retrieved 26 March 2026.
  8. ↑ "Media Release - ANZ completes sale of OnePath P&I to IOOF". ANZ. 3 February 2020. Retrieved 26 March 2026.
  9. ↑ "Unravelling a complex corporate structure: ANZ's Wealth divestment explained | ANZ". www.anz.com.au. Archived from the original on 2025-07-23. Retrieved 2026-03-26.
  10. ↑ Mayfield, Harry (1978). Servant of a century : the first 100 years of the Mercantile Mutual Insurance (1st ed.). National Library of Australia: Mercantile Mutual Insurance. ISBN 0959598405.
  11. ↑ "One-Day Cup (Australia)", Wikipedia, 2026-03-13, retrieved 2026-03-26

Further reading

  • Servant of a Century: The First 100 Years of the Mercantile Mutual Insurance (1978)
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