Australia & New Zealand Banking Group Ltd. is weighing bids from Fidelity Life Assurance Co. Ltd., Cigna Life Insurance New Zealand Ltd. and Partners Life Ltd. for the purchase of its New Zealand-based life insurance business, OnePath Life (NZ) Ltd., The Australian Financial Review's Street Talk blog reported.
ANZ plans to sign a deal in the coming weeks, according to the report.
An ANZ spokesman declined to comment on the matter.
Previously, The Australian reported that American International Group Inc. may also have submitted a final bid for OnePath Life.
