Westpac Life NZ
Westpac sells insurance arm Japan’s Dai-ichi Life for A$900m
Westpac sells insurance arm Japan’s Dai-ichi Life for A$900m
This marks the Australian firm’s exit from the life insurance sector.
Westpac sells NZ life insurance unit to Fidelity Life
Westpac Life NZ and Fidelity Life will also enter into a 15-year distribution agreement.
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Ageing populations and rising mortality main concerns for life insurers and reinsurers