Announced

Completed

AIA completed its acquisition of CommInsure Life from CBA for $1.5bn.

Synopsis

AIA Group, a Hong Kong-based insurance broker, completed its acquisition of CommInsure Life, a life insurance unit from Commonwealth Bank of Australia for $1.5bn. “We are excited by the opportunity to bring together the strengths of AIA and CommInsure Life and are working hard with our partner to develop a new generation of products for CBA’s customers, which will deliver excellent customer outcomes." Matt Comyn, CBA CEO.

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