AIA expands in Australasia with $3bn cash acquisition


Pan-Asian life insurance group AIA said on Sept. 21 that it reached an agreement with the Commonwealth Bank of Australia to acquire CommInsure Life and Sovereign, CBA’s life insurance business in Australia and life and health insurance businesses in New Zealand.

AIA, Commonwealth Bank of Australia, CommInsure Life and Sovereign, CBA, Life, Health, New Zealand, Asia Pacific

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