Suncorp signs $725 million deal to sell life insurance arm

Suncorp signs $725 million deal to sell life insurance arm

Updated August 09, 2018 12:05:18 Photo: Suncorp will sell its life insurance division to Dai-Ichi for $725 million. (ABC TV News-file image) Suncorp Group has become the latest financial institution to exit the life insurance business — following the lead of Commonwealth Bank, ANZ and NAB, amid intensifying regulatory scrutiny …

Banking royal commission: Suncorp admits to failings on small business contracts | Australia news

Suncorp has admitted it has failed to complete a review of its standard small business contracts to see if they comply with new unfair contract laws, despite a request from the corporate regulator to do so in 2016. It also conceded it has failed to tell its small business customers …