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Hollard Insurance acquires insurance activities of the Commonwealth Bank of Australia

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Magazine Issue: 
Insurers up against cyber risks [3]
Magazine date: 
Jun 2021

Commonwealth Bank of AustraliaThe South African insurer Hollard Insurance has signed an agreement with the Commonwealth Bank of Australia (CBA) for the acquisition of its non-life activities. The transaction amounts to 468 million USD and shall be completed in 2022.

The agreement also includes a 15-year strategic partnership between both companies. This collaboration enables Hollard to take over the distribution of homeowner’s and motor products to CBA's customers in Australia.

Read also | Sanlam to acquire the life activities of Alexander Forbes Life [4]

Wed, 23/06/2021 - 14:24

Source URL: https://www.atlas-mag.net/en/article/hollard-insurance-acquires-insurance-activities-of-the-commonwealth-bank-of-australia

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