News Life and Health13 Aug 2021

Australia:Dai-ichi Life to gain market edge & earnings on acquisition of Westpac insurance unit

| 13 Aug 2021

Dai-ichi Life Holdings, the parent of Japan-based The Dai-ichi Life Insurance Company, will strengthen its position as the largest life insurer in Australia after signing an agreement with Westpac Banking Corporation to acquire 100% of subsidiary Westpac Life Insurance Services for about JPY100bn ($906m), Fitch Ratings says.

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