Insurance

Sovereign for sale but who will buy?

Thursday 10th of August 2017

It was revealed yesterday that Commonwealth Bank of Australia is pondering the possible sale of its life insurance businesses in New Zealand and Australia.

Russell Hutchinson, of Chatswood Consulting, said New Zealand had a number of Australian bank-owned insurance companies in the market.

Those banks had been questioning the ownership of their wealth businesses, he said, and that...

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