Bank aims to overtake top life insurer with Nippon venture


Thorburn: ‘Nippon is going to bring world-class excellence in product innovation in life insurance.’ – Bloomberg

TOKYO: National Australia Bank Ltd and Nippon Life Insurance Co’s venture intends to be the largest writer of life insurance premiums in Australia.

The two companies want to “build the number one life insurer in Australia” to overtake market leader AMP Ltd in gross premiums written, chief executive officer Andrew Thorburn said in an interview in Tokyo yesterday.

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