BSP Life was initially established in Fiji in 1876 as The Colonial Mutual Life Assurance Society Limited and pioneered the life insurance industry in Fiji. Over the years, it expanded its business to health insurance. Bank South Pacific acquired the Colonial Life and Health businesses in November 2009 from the Commonwealth Bank of Australia and rebranded it to BSP Life. BSP Life's operation is the first for the BSP Group. BSP Life is a leading life and health insurance company in Fiji.