Monday, July 6, 2020

Company news

New Non-Medical Limits From Cigna

Cigna New Zealand has released details of its new non-medical limits for its Assurance Extra and Business Assurance product suites. The new limits are active...

Sale Of AMP Life Completed For $3.2 Billion

AMP has completed the sale of its life insurance business, AMP Life, to Resolution Life. The deal is valued at AU$3 billion (NZ$3.2 billion) for...

Suncorp NZ’s CEO To Take Up New Role In Australia

Suncorp New Zealand CEO Paul Smeaton is leaving the New Zealand business to take up a newly-created role as Chief Operating Officer - Insurance...
Nadine Tereora, Partners Life's Chief Operating Officer.

Nadine Tereora Joins Partners Life

Nadine Tereora (pictured), who resigned as Fidelity Life's CEO in May, has been appointed Chief Operating Officer at Partners Life. Tereora will start her...

AMP Life Sale Puts Regulations In The Spotlight

The sale of AMP Life to Bermuda-based Resolution Life has called into question the rules that apply to such transactions. The transfer of the insurance...

Sale Of AMP Life Gets Green Light

The Reserve Bank has finally approved the sale of AMP Life to Resolution Life New Zealand, on condition a trust is created to protect...

Fidelity Life To Increase Premiums

Fidelity Life is increasing premiums for some of its income protection covers, key person cover and new level trauma (including trauma multi) covers. In an...

One Third Of SME Owners Reviewing Their Insurance

A survey of 600 SMEs by insurer Vero shows that 20% of business owners are looking to increase their insurance cover as a result...
Funeral insurance cover

No More Funeral Cover From Partners Life

Partners Life has stopped offering funeral cover with immediate effect. In a statement, the company says that in the recent Life Insurer Conduct and Culture...