Dai-ichi Life Holdings Inc (8750.T)
17 Aug 2018
Thu, Aug 9 2018
SYDNEY/TOKYO Australia's Suncorp Group is selling its life insurance division to Dai-ichi Life Holdings for $540 million, making the Japanese firm Australia's biggest in a sector that domestic companies are scrambling to quit.
* Suncorp annual profit slips, outlook positive (Adds shares, management and analyst quotes, background)
Aug 9 Insurer Suncorp Group Ltd said on Thursday it had entered an agreement to sell its life insurance division to a unit of Dai-Ichi Life Holdings for A$725 million ($538.82 million), ending more than a year of speculation over a sale it had considered since early 2017.
* DAI-ICHI LIFE HOLDINGS TO SET UP UNIT IN CAMBODIA, INVEST AROUND 4 BILLION YEN TO FUND EXPANSION - NIKKEI Source text: http://s.nikkei.com/2Gc8Bup Further company coverage: