Commonwealth Bank Will Still Offer Insurance and Earn a Fee, But Hollard Takes the Underwriting Risk
Commonwealth Bank plans to sell its general insurance business to Hollard Group for AUD 625 million plus deferred payments if undisclosed milestones are achieved. We agree with the strategy of ...
HONG KONG (Reuters) - Hong Kong-based insurer AIA Group Ltd is close to acquiring Commonwealth Bank of Australia's (CBA) insurance business which is likely to be valued at nearly $4 billion, two ...
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