Commonwealth Bank of Australia sells life insurance business to AIA Group

21 September 2017 | 3 minutes read

Commonwealth Bank of Australia has sold its life insurance operations in Australia and New Zealand to AIA Group for A$3.8 billion, in a deal that includes a 20-year distribution agreement with the insurer in the two countries, the bank said today. Commonwealth Bank CEO Ian Narev said: “Providing our customers with access to high quality products and services for all…

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