Daiichi Life to Pay ¥59.6bn for Full Control of New Zealand's Fidelity Life
Partners Life, the Auckland insurer Daiichi Life fully owns, has agreed to pay NZ$630mn for Fidelity Life, taking the business from Guardians of New Zealand Superannuation, Ngāi Tahu Investments and other holders, with completion targeted for March to July 2027 subject to regulatory approval.