Japan's Dai-ichi Life to buy NZ-based insurer Partners Group for $630m

Photo: Reuters

Japanese insurance group Dai-ichi Life Holdings announced Friday it will acquire all shares in New Zealand’s Partners Group Holdings for NZ$980 million ($630 million), with the deal expected to be completed by next spring, pending regulatory approval.

New Zealand has been active in accepting immigrants and is considered a market that, in terms of insurance demand, is expected to continue to grow at a stable rate.

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