Legal and regulatory review for the life and health insurance sector
Partners Life buys BNZ Life, and more daily news

Partners Life to acquire BNZ Life from NAB

Partners Life will acquire BNZ Life from NAB (ASX:NAB) for $290 million. 

Congratulations to Partners Life on the acquisition and NAB on the disposal. This continues the trend in the industry for bancassurers to be sold into specialist insurance company ownership. That process began with AIA's acquisition of Sovereign and was continued by Cigna's acquisition of OnePath Life. 

Naomi Ballantyne's comment (see the story below) on the acquisition covers the territory well highlighting aspects of Partners Life's product management that will benefit BNZ Life customers. 

A couple of useful links for more information: additional links added 17 December - the video announcement by Naomi Ballantyne, CEO, Partners Life



Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.