Tuesday, 12 December 2017
Today ANZ and Zurich announced an agreement for Zurich to acquire ANZ’s OnePath life insurance business.
The deal will see two true insurance specialists come together to create Australia’s number one retail life insurer and reinforces Zurich’s commitment to financial advisers as valued business partners. It will introduce exciting opportunities for Zurich to invest in new ways to make life insurance more relevant, engaging and accessible to Australians.
The OnePath brand and product range has a long-standing heritage and respected reputation and remains core to Zurich’s plans. There are no plans to change the OnePath Life product range, or Zurich’s existing Wealth Protection offering.
The sale is subject to regulatory approvals and we will keep our customers and advisers informed as the transaction progresses towards its scheduled completion in late 2018. Until then, Zurich and ANZ’s OnePath insurance business will continue to operate independently, with no change for our customers or advisers as a result of the announcement. Our focus remains on providing exceptional service and product solutions.
ANZ Wealth and Zurich value your support. Please contact your adviser or your Business Development Manager if you have any questions.
See the media release for more information.