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GOOD MOVE: Rob Bransby says the deal makes sense for HBF and its members.

CGU buys HBF's general insurance branch

Western Australia-based health fund HBF has offloaded its general insurance business to CGU for an undisclosed sum.

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HBF

Assets under management or net assets ($m)

4th-WA Super$2,162.0m
5th-BWP Trust$1,837.0m
6th↑HBF$1,337.7m
7th-Packer & Co$1,321.0m
8th-Resource Capital Funds$1,100.0m
55 fund managers ranked by assets under management or net assets

WA Revenue

1st-CBH Group$3.48bn
2nd↑HBF$1.72bn
3rd↓St John of God Health Care$1.69bn
4th-RAC$683.1m
5th-Geraldton Fishermen's Co-operative$303.2m
57 not for profit businesses ranked by WA revenue most recent financial year

Number of Employees

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