Home / Life Insurance / S&P positive on Suncorp Life after TAL deal
11 March 2019
S&P Global has upgraded its outlook on Suncorp Life to positive after the business’ sale to TAL completed two weeks ago.
Suncorp Life has a sound market position as a mid-tier player, with a very strong capital position, the ratings agency says.
TAL’s parent Dai-ichi Life will likely provide extraordinary support to Suncorp Life if necessary, given the deal’s strategic nature S&P says.
The 20-year agreement for Suncorp to distribute TAL’s products supports that view, according to the ratings agency.
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