Major name charges ahead in Westpac insurance swoop

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home | News & Media | news archive | October-2020

Major name charges ahead in Westpac insurance swoop

Major name charges ahead in Westpac insurance swoop - report

Westpac's general insurance operations could soon become part of the Allianz family.

The Germany-headquartered insurer is said to be in advanced talks to snap up the Sydney-based business. The likely price tag stands above AU$500 million (around NZ$536.5 million), according to the Street Talk section of the Australian Financial Review.