Announced
Completed
Financials
Tags
Single Bidder
New Zealand
Majority
Life Insurance
insurance business
Friendly
Acquisition
Cross Border
Private
Completed
Synopsis
Fidelity Life, a life insurance agency, completed the acquisition of the New Zealand life insurance business of Westpac, a provider of banking services, for $281m. "The partnership will also allow us to leverage the investments we're already making in our customer experience, data and technology, as well as our strong New Zealand brand, to make the transition a smooth one for Westpac Life customers and team members," Melissa Cantell, Fidelity Life CEO.
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