Westpac to sell life insurance business to TAL Dai-ichi Life for $660m
Westpac has agreed to divest Westpac Life Insurance Services, its Australian life insurance business, to TAL Dai-ichi Life Australia, a subsidiary of Japan-based Dai-ichi Life Holdings, for AUD 900 million ($660 million). After completion of the deal has also entered into an exclusive 20-year agreement for providing life insurance products to its Australian customers. The […]