Australia's Suncorp to sell NZ life insurance business for $246 million, shares rise

- Australian insurer Suncorp Group said on Thursday it would sell its New Zealand life insurance business to Resolution Life for NZ$410 million , sending its shares to a more than 16-year high.

"The transaction continues the reshaping of the Suncorp Group, and positions both the general and life insurance businesses for ongoing growth and success," Suncorp CEO Steve Johnston said in a statement.Analysts at UBS said they believe the New Zealand life insurance unit, Asteron Life, was not core to the group and the divestment is "strategically attractive", allowing Suncorp to focus on its more attractive general insurance operations.

Trump’s social media platform says it’s above ‘traditional key performance indicators.’ An auditor has substantial doubt it can continue as a going concern -- Enbridge Inc. sold $3.5 billion of debt on Tuesday following a downgrade last week by Moody’s Ratings.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Trump’s media company shares jump ahead of backdoor Nasdaq debutParent of social media platform Truth Social surges
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsTOKYO (AP) — Asian shares were mixed in muted trading Tuesday, as buying in some markets was soon erased by profit-taking. Japan's benchmark Nikkei 225...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »