NAB, Nippon Life Aim to Be No. 1 in Australia Life Insurance

National Australia Bank and Nippon Life Insurance Co.’s venture intends to be the largest writer of life insurance premiums in Australia.

The venture intends to overtake AMP Ltd. by using the product development ability of Nippon Life and NAB’s distribution network, Andrew Thorburn, NAB chief executive officer said in a Nov. 22 interview.