Friday, March 29, 2024

Breaking

Naomi Ballantyne, retiring Managing Director, Partners Life

Naomi Ballantyne to Step Down from Partners Life

Naomi Ballantyne, Managing Director of Partners Life, has announced her plans to retire from the firm. In a video address, Ballantyne says that after 41...

Partners Life Sold

Partners Life has sold 100% of its business to Japan-based global insurance giant Dai-ichi Life Holdings for approximately NZ$1billion subject to regulatory approval. In a...

Cigna/Chubb Deal Completed

The final transfer of Cigna's New Zealand life insurance business to Chubb Limited has been confirmed. In a statement released out of Zurich late on...

Cigna Sells NZ Life Insurance Business

Cigna Corporation has announced it has sold its New Zealand life insurance business to global insurer Chubb in an arrangement that is expected to...

Fidelity Life Welcomes Ngāi Tahu Holdings’ $140 Million Investment

Following on from Fidelity Life's purchase of Westpac's NZ Life business for $400 million, the insurer says Ngāi Tahu Holdings, the investment arm of...

Fidelity Life to Buy Westpac’s NZ Life Business for $400 Million

Westpac Group will sell its New Zealand life insurance business, Westpac Life NZ to New Zealand’s largest locally owned life insurer, Fidelity Life. Completion of...

Date Announced For New Financial Advice Regime

MBIE says the start of the new financial advice regime will be 15 March 2021. This is the revised date following the delay from the...

Transitional Licensing Deadline Under Review

The 29 June deadline for transitional licensing application may be delayed by the government following pressure from Financial Advice New Zealand and the Financial...

Insurance an Essential Service During Lock-Down

The Government has confirmed insurance is among its list of essential services that need to continue to operate when New Zealand moves to Level...