PPS Mutual Receives Green Light
PPS Mutual has confirmed it has been granted a licence to operate as a life insurer in New Zealand.
According to the new niche provider,...
Resolution Life Completes Asteron Life Acquisition
Resolution Life has completed its $410m acquisition of Asteron Life NZ from Suncorp Group.
Asteron Life will remain open to new business and continue to...
Resolution Life Acquired by Nippon Life
Resolution Life has been purchased by Nippon Life in a global transaction worth US$8.2bn, subject to regulatory approval
Resolution Life is currently in the closing...
Asteron Life Sold to Resolution Life
Asteron Life is to be sold by owner Suncorp Group for NZ$410m to Resolution Life Australia – a part of global life insurance group Resolution...
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...