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[The Wrap] Hurrah! Big banks exit life insurance

Sunday 11th of July 2021

With news this week Fidelity Life has bought Westpac's life insurance business marks the end of the major bank's foray into this part of the market.

Interestingly each bank has sold to a different company; ASB to AIA, ANZ to Cigna, BNZ to Partners (although the deal still has regulatory hurdles to leap) and Westpac to Fidelity.

Asteron is the only one which has missed ou...

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