Mitsui Sumitomo to buy 37.5% stake in BoComm Life from Commonwealth Bank

Mitsui Sumitomo Insurance (MSI) has agreed to acquire 37.5% stake in Chinese insurance company BoComm Life Insurance from Commonwealth Bank’s subsidiary Colonial Mutual Life Assurance Society (CMLA) for RMB3.2bn ($668m).

from IBR - Life Insurance & Pensions News