BIG INSURANCE MERGER
ACQUISITIONS BY A.P.A. The Australian Provincial Assurance Association, Ltd., which recently purchased the Co-operative Assurance Co/s business yielding some £40,000 a year in Life and Personal Accident business, has now completed the purchase of the Life Insurance Company of Australia's Life and Personal Accident business producing approximately £140,000 yearly. The acquisition of these two companies* is a most forward step, and will give great satisfaction to shareholders and policyholders alike. The giant strides made by this vigorous and progressive institution have been made, the subject of much favourable comment. The record of the Australian Provincial Assurance Association, Ltd., stands out most prominently as one of the marvels of modern insurance. Its potentialities, judged by its vigorous growth, will compel older companies to look to their laurels if this'well-known company is not to surpass them in "the vigour of its growth and its hold on the confidence of the public.—Advt.
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Bibliographic details
Ashburton Guardian, Volume XLIV, Issue 10132, 9 June 1924, Page 3
Word Count
152BIG INSURANCE MERGER Ashburton Guardian, Volume XLIV, Issue 10132, 9 June 1924, Page 3
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