CommInsure sale stalls, sold for discountBY KARREN VERGARA | FRIDAY, 23 AUG 2019 12:34PM
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks.
Read more: CBA, CommInsure Life, Commonwealth Bank, AIA Group, BoCommLife Insurance Company, Carmel Mulhern, Scott Wharton, AIA Australia, APRA, China Banking, Colonial Mutual Life Assurance Society, Damien Mu, Insurance Regulatory Commission, Matt Comyn, MS&AD Insurance Group Holdings
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The chief executive of NewCo is set to exit among other changes to CBA's group executive lineup.
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The managing director of an AMP-aligned dealer group is exiting the business to take on a new role.
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