Swiss Re has entered into an agreement with financial services company Macquarie , providing reinsurance to its New Zealand retail asset protection portfolio . AMP is exiting the life insurance sector with the sale of its AMP Life business to Resolution Life for total cash and non-cash consideration of AU$3.3 billion (US$2.3 billion); the transaction is expected to complete in the second half of 2019. The agreement will become effective from 1 December and will cover approximately 65 % of claims incurred from this date .
Swiss Re has entered into an agreement with financial services company Macquarie , providing reinsurance to its New Zealand retail asset protection portfolio . The agreement will become effective from 1 December and will cover approximately 65 % of claims incurred from this date .