Asteron Life sold

Resolution Life Australasia, which earlier bought AMP Life, has now acquired Asteron Life.

Resolution Life Australasia is part a global life insurance group. It is a well-capitalised, trans-Tasman dedicated life insurance provider that will support Asteron Life’s current strategic growth agenda in New Zealand.  Asteron Life will provide Resolution Life Australasia with significant scale and capability, materially increasing its market presence to the benefit of customers.

Under this new ownership there will be no change to Asteron Life’s business operations which will continue to:

• operate under the same Asteron Life brand and as a standalone New Zealand licenced and incorporated life insurance company;
• support advisers and their customers using the same Asteron Life team to deliver the same high-quality products and services; and
• grow through new individual and group customers.