This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

​Commonwealth Bank of Australia to sell life insurance business to AIA for $3 billion

( September 21, 2017, 01:46 GMT | Official Statement) -- MLex Summary: The Commonwealth Bank of Australia will sell for A$3.8 billion ($3 billion) to AIA Group its life insurance business comprising CommInsure in Australia and Sovereign in New Zealand. The agreement includes a 20-year partnership for AIA to provide life insurance products to CBA customers in the two countries. The transaction is expected to be completed in 2018, subject to regulatory approvals.The company's full statement is attached. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections