Japan's Dai-Ichi Life to buy Australian unit of Suncorp for $460m

Japan's Dai-Ichi Life to buy Australian unit of Suncorp for $460m

Dai-ichi Life Holdings Inc said on Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group Ltd, for A$640 million ($460 million), in the latest overseas expansion for a Japanese insurer grappling with a shrinking domestic market.

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