The ruling relates to statements made by Bupa between May 2018 and August 2023 regarding members’ entitlements.
From 1 January 2026, Zurich will also provide capacity for Pen’s wider fleet book, including passenger transport risks.
The funding will see Saladin broaden its product portfolio.
The ACCC found that the transaction could result in a “substantial lessening of competition” for motor and home insurance in the region.
