Resolution Life to Acquire Asteron Life [Yahoo! Finance]
SUNCORP GROUP LTD S/ADR (SNMCY)
NASDAQ:AMEX Investor Relations:
suncorpgroup.com.au/investors
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Source: Yahoo! Finance
Elevates Resolution Life to the second largest life insurer in New Zealand Ongoing commitment and support to existing Asteron Life customers and advisers SYDNEY, AUSTRALIA / ACCESSWIRE / April 4, 2024 / Resolution Life, a leading global manager of in-force life and annuity policies, announces that Resolution Life Australasia, its trans-Tasman life insurer, has entered into an agreement with Suncorp Group to acquire its New Zealand life insurance company, Asteron Life New Zealand (Asteron Life) for NZ$410m. The acquisition will provide Resolution Life with significant scale and capability in the New Zealand market, materially increasing its market presence to the benefit of customers. Asteron Life is a well-established and highly respected New Zealand life insurer, with a dedicated team of circa 165 people servicing more than 180,000 customers and their advisers. Tim Tez, Chief Executive Officer Resolution Life Australasia , commented: "This acquisition further demonstrate
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