Thursday, May 6, 2021

Fidelity Life Secures Major Shareholder 

Fidelity Life and NZ Super Fund have signed a conditional NZ$100 million investment. The proposal will see the Fund take a minimum NZ$100 million, 41.1% cornerstone stake in the life insurer. Fidelity Life CEO, Nadine Tereora said...

AIA Acquires CommInsure And Sovereign

AIA has announced it will acquire Commonwealth Bank of Australia’s insurance companies in Australia (CommInsure) and New Zealand (Sovereign) for AUD $3.8 billion. As part of the deal, AIA will enter into 20-year distribution agreements...