Fidelity Life officially integrates former Westpac Life business

Fidelity Insurance, formerly known as Westpac Life, has been integrated into the Fidelity Life Assurance Company, meaning Fidelity Life is once again operating as a single insurer.

Fidelity Life completed the $400 million acquisition of Westpac Life in February 2022, which has been operated as a separate entity, Fidelity Insurance, since then. Now all of Fidelity Insurance’s assets, liabilities and obligations to policyholders have been integrated into Fidelity Life.

Customers of Fidelity Insurance can remain assured that their policy terms and conditions are unchanged.

Fidelity Insurance Limited will be formally wound up as a registered company later this year.

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