Zurich completes the acquisition of OnePath Life

Zurich Insurance has completed the acquisition of OnePath Life. The purchase of the life insurance activities of the banking group ANZ will bring 6 million new customers to the Swiss insurer.

Announced in December 2017, this takeover worth 2.85 billion USD allows Zurich to control 20% of the Australian retail life insurance market.

A 20-year distribution agreement has been signed between Zurich and ANZ Simultaneously. The insurer will market its life products via the bank's 630 agencies.

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