July 1 (Reuters) - AMP Ltd AMP.AX :
* COMPLETES SALE OF LIFE INSURANCE BUSINESS TO RESOLUTION LIFE
* EXPECTS NET PROCEEDS FROM SALE OF AMP LIFE TO INCREASE AMP'S CAPITAL IN EXCESS OF TARGET SURPLUS BY ABOUT A$1.1 BILLION
July 1 (Reuters) - AMP Ltd AMP.AX :
* COMPLETES SALE OF LIFE INSURANCE BUSINESS TO RESOLUTION LIFE
* EXPECTS NET PROCEEDS FROM SALE OF AMP LIFE TO INCREASE AMP'S CAPITAL IN EXCESS OF TARGET SURPLUS BY ABOUT A$1.1 BILLION