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Insurance

AIA acquires CBA life insurance businesses

The Commonwealth Bank has sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion.

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Read more: CBA,  AIA,  CommInsure,  AIA Group,  Commonwealth Bank,  Sovereign,  CommInsure Life,  APRA,  ASB Bank,  BoComm Life Insurance,  China Insurance Regulatory Commission,  Ian Narev,  Ng Keng Hooi,  Annabel Spring,  wealth management,  CFSGAM,  Colonial First State Global Asset Management