Insurance

AIA completes Sovereign deal

Monday 2nd of July 2018

The $4.15 billion deal sees AIA acquire CommInsure in Australia and Sovereign in New Zealand.

AIA has entered a 20-year strategic distribution agreement with ASB.

AIA group regional chief Executive Bill Lisle said, “We are delighted to have completed our acquisition of Sovereign, which is set to significantly transform and expand our presence in New Zealand. We expect it will deli...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.