Japanese insurance insurer Dai - ichi is to buy the Australian life insurance unit of Suncorp for ( 500 m ) $ 500 m through a subsidiary . The Australian life insurance portfolio is growing by 20 % a year and the takeover is expected to be completed by the end of 2020 .
Japanese life insurer Dai-ichi is to buy the Australian life insurance unit of Suncorp for (AUD640m) $480m through a subsidiary. The Australian life insurance market is growing by 10% a year and the takeover is expected to be completed by the end of August.