Australia's Westpac exits life insurance with $660m unit sale to Japan's Dai-ichi

Australia's Westpac exits life insurance with $660m unit sale to Japan's Dai-ichi

Westpac Banking Corp on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to an A$900 million ($660 million) sale of its domestic unit to Japan’s Dai-ichi Life Holdings.

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