Insurance

Advisers welcome Sovereign sale news

Friday 22nd of September 2017

It was revealed yesterday that Commonwealth Bank had sold its insurance businesses in Australia and New Zealand to AIA for A$3.8 billion ($4.1b).

Sovereign and ASB customers will retain the current benefits of their existing policies.

"This transaction represents the next exciting stage in Sovereign’s evolution. We are the product of several mergers and acquisitions of our own – s...

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