. World News – AU – Westpac sells General Insurance Arm for 725 million. AUD to Allianz


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[BENGALURU] Westpac Banking Corp announced Wednesday that it was selling its general insurance line for $ 725 million. AUD (715 S $) to the German insurer Allianz. 5 million. ), further reducing the portfolio to strengthen capital and focus on core banking.

Australia’s third largest bank also announced that it will sign an exclusive 20-year agreement for Allianz to distribute general insurance products to Westpac customers.

[NEW YORK] The emergency loan programs set up by the Federal Reserve during the pandemic helped. . .

[WILMINGTON, USA] President-elect Joe Biden on Tuesday called on Congress to swiftly approve a « robust » one. . . .

[SAN FRANCISCO] BlackBerry and Amazon announced an alliance on Tuesday to create a cloud computing platform. . .

[BRUSSELS] The EU member states warned the European negotiators on Tuesday not to lose their nerve in negotiations with them. . .

[WASHINGTON] US Attorney General Bill Barr said Tuesday the Justice Department had found no evidence. . .

Westpac, Allianz SE, General Insurance, ASX, Nasdaq, New Zealand Stock Exchange, Stock

World News – AU – Westpac sells general insurance for 725 million. AUD to Allianz
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Westpac Banking Corporation (NZX: WBC) is selling its general insurance business to Allianz and receiving a 20-year distribution . . .

Ref: https://www.businesstimes.com.sg


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