Japanese life insurer Dai-ichi is to buy the Australian life insurance unit of Suncorp for (AUD640m) $1.63 billion 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.
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.