AMP Life sale
The Reserve Bank approved the sale of AMP Life to Resolution Life in June 2020 in a revised arrangement subject to a number of conditions imposed to protect policyholders.
The Reserve Bank reviewed the proposed transaction and consulted with the parties involved over an 18-month period to ensure the deal met the Reserve Bank’s requirements. The transaction involved a change of control and ownership of AMP Life from AMP Ltd to Resolution Life.
AMP Life Section 59 exemption
AMP Life/Resolution Life operating model
- 23 June 2020 - Reserve Bank approves sale of AMP Life
- 19 March 2020 – Reserve Bank carefully considering proposed AMP Life sale
Responses to OIA requests
- 9 September 2019 - Solvency Return for AMP Life and RBNZ's insurance licence (PDF 484KB)
- 12 August 2019 - Copies of correspondence regarding AMP's life insurance business (PDF 453KB)