Turners subsidiary buys small insurance company, seeks more to grow scale

Thu, 09 Apr 2015

By Fiona Rotherham April 10 (BusinessDesk) - Turners Limited, the listed finance lender taken over by Dorchester Pacific last year, has acquired the first of a number of small insurance companies as it looks to triple the size of its insurance business over the next two years. The Auckland-based lender’s wholly-owned insurance subsidiary, DPL Insurance, has bought Greenwich Life Insurance’s business assets for an undisclosed amount, following Reserve Bank approval and its in-force policies have been transferred over. The acquisition won’t...

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