Completion of Asteron Life sale

3 February 2025

Suncorp Group today announced it has completed the sale of the New Zealand Asteron Life business to Resolution Life Australasia. This transaction continues the reshaping and simplification of the Group’s strategy to create a dedicated Trans-Tasman general insurance company and positions the business for ongoing growth.

Suncorp New Zealand CEO, Jimmy Higgins says “The sale of Asteron Life marks an important milestone in Suncorp’s evolution into a pure play general insurer and will allow us to better serve the needs of New Zealand customers, brokers and partners. The move will make Suncorp a more streamlined business that’s well placed to succeed in our increasingly complex operating environment. I wish the Asteron Life team all the best for the future, and I look forward to their continued success as part of the Resolution Life group.”

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For more information contact: Lindsay Price +64 27 337 0980 

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