Mercantile Mutual

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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)