Hollard completes acquisition of CommInsure; commences 15 year strategic alliance

Hollard Holdings Australia Pty Ltd (Hollard) today announced it has completed the acquisition of 100% of the General Insurance business of Commonwealth Insurance Limited (CommInsure General Insurance) from the Commonwealth Bank of Australia (CBA).

The transaction includes an exclusive 15-year strategic alliance between CBA and Hollard to distribute home and motor lines of business to CBA’s customers.

The acquisition further strengthens Hollard’s market share in Australia, solidifying its position as one of the country’s top five general insurers. 

Read the full media release.