{"id":62012,"date":"2022-08-02T10:39:31","date_gmt":"2022-08-02T00:39:31","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=62012"},"modified":"2022-08-02T22:46:48","modified_gmt":"2022-08-02T12:46:48","slug":"tal-completes-acquisition-of-westpac-life-business","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2022\/08\/02\/tal-completes-acquisition-of-westpac-life-business\/","title":{"rendered":"TAL Completes Acquisition of Westpac Life Business"},"content":{"rendered":"

TAL Dai-ichi Life Australia, a fully owned subsidiary of the Dai-ichi Life Group, has announced the completion of its acquisition of Westpac Life, the life insurance arm of Westpac Banking Corporation.<\/p>\n

A statement from TAL says all of Westpac\u2019s life insurance business and all existing Westpac Life policies transfer to the TAL Group. It also welcomes 345 Westpac Life employees \u201c\u2026and the valuable knowledge and experience they bring with them.\u201d<\/p>\n

The transaction was first announced on 9 August 2021 (see: TAL Buys Westpac’s Life Insurance Business<\/a>).<\/p>\n

The completion also marks the beginning of an exclusive 20-year strategic alliance between the TAL Group and Westpac, under which Westpac\u2019s Australian customers will now be able to access life insurance solutions provided by TAL.<\/p>\n

\"\"<\/a>
Brett Clark …TAL and Westpac share a strong belief in the role and value of life insurance in the community.<\/figcaption><\/figure>\n

TAL Group CEO and Managing Director, Brett Clark<\/strong>, says the completion of the Westpac Life business acquisition, alongside the strategic alliance with Westpac, \u201c\u2026is another significant step towards TAL\u2019s goal of protecting more Australians in more ways, throughout their lives.\u201d<\/p>\n

He says that TAL and Westpac share a strong belief in the role and value of life insurance in the community.<\/p>\n

\u201cWe are looking forward to working with Westpac through our partnership to provide Westpac customers with access to \u2026 life insurance solutions that meet their diverse needs throughout different stages of their lives.\u201d<\/p>\n

He adds the group is pleased to be partnering with Westpac and welcoming Westpac Life employees to the TAL team \u201c\u2026as we remain focused on delivering the best possible outcomes for all of our customers, partners and stakeholders.\u201d<\/p>\n

Jason Yetton,<\/strong> Chief Executive Westpac\u2019s Specialist Businesses Division, says that life insurance is an important product for many of Westpac\u2019s customers and he is pleased that the company will continue to support them by partnering with TAL.<\/p>\n

\u201cWe are also pleased that our people joining TAL today can continue to provide the highest standard of customer care going forward.\u201d<\/p>\n

\"\"<\/a>
Jason Yetton, Chief Executive Westpac’s Specialist Businesses Division, with TAL Group CEO and Managing Director, Brett Clark.Picture credit Michael Amendolia.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

TAL Dai-ichi Life Australia, a fully owned subsidiary of the Dai-ichi Life Group, has announced the completion of its acquisition of Westpac Life, the life insurance arm of Westpac Banking Corporation. A statement from TAL says all of Westpac\u2019s life insurance business and all existing Westpac Life policies transfer to the TAL Group. It also […]<\/p>\n","protected":false},"author":24,"featured_media":62020,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-62012","post","type-post","status-publish","format-standard","has-post-thumbnail","category-company-news"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/62012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=62012"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/62012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/62020"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=62012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=62012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=62012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}