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Showing 1 - 5 of 5 results for %22BoCommLife%22

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... Bank has announced the sale of CommInsure General Insurance to the Hollard Group after divesting CommInsure Life and BoCommLife. Announced this morning, the sale agreement includes a 15-year strategic alliance that provides Hollard with the distribution ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance Group Holdings, the parent company of Mitsui Sumitomo ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... in the second half of 2021 upon payment of the $100 million. The deal excludes the bank's 37.5% equity interest in BoCommLife Insurance Company. It was only last month that a class action lawsuit was filed against CBA by Shine Lawyers on behalf of customers ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... associated with CommInsure Life have been transferred to AIA. The deal excludes the banks 37.5% equity interest in BoCommLife Insurance Company. CBA said under the new agreement AIA will "obtain an appropriate level of direct management and oversight" ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
... co-operation is expected to result in full economic interests to AIA, which excludes the group's 37.5% equity interest in BoCommLife Insurance Company. AIA will obtain direct management and oversight of the business under the leadership of AIA Australia ...
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