Fidelity Life is New Zealand's largest locally-owned life insurer. NZ Super Fund (49.62%), Ngāi Tahu Investments Ltd (24.93%), Jeffrey Philip Meltzer and Michael John Whale (14.64%) and 7 other minor shareholdings.
Westpac is selling its New Zealand life insurance business for $400 million to Fidelity Life and its largest shareholder, the NZ Superannuation Fund, as well as new investor Ngāi Tahu Holdings. The s
Marlin Global Limited 20/05/2022 $1.28 Warrants
Partners Life has agreed to buy the Bank of New Zealand’s life insurance business for $290 million. The life insurer counts US private equity firm Blackstone as a backer, and has been toying with an
New Zealand Rugby is poised for its biggest structural change in 25 years of professionalism with the bulk of its income and expenses carved out into a subsidiary if the controversial Silver Lake deal
By Paul McBeth Oct. 27 (BusinessDesk) - New Plymouth-based freight and logistics group Transport Investments Ltd plans to join the NZX through a backdoor listing via Bethunes Investment in a deal valu
Fonterra is “comfortable” with where its margins are sitting despite being squeezed by a higher milk price. But that higher forecast to the co-op’s farmer-owners, lifted for the fourth time this
The Life is a BusinessDesk section for people with an appetite for living well, who like to celebrate the good things in life – whether that’s investing in your health and wellness or a weekend at
2 Cheap Cars Group Limited Ordinary Shares
Just Life Group (JLG) was listed in 2004. JLG was previously known as Just Water International (JWI) until March 2019. The name change reflected the strategic intent of the Group, evidenced by the acq
Forsyth Barr and Jarden analysts have raised their target prices for exchange operator NZX following a 10% guidance lift. NZX Ltd said Monday it expects full-year 2024 operating earnings before inte
Manawa Energy Limited Ordinary Shares Company Details Registered Office: 108 Durham Street, Tauranga 3110 Postal Address: 108 Durham Street, Tauranga 3110 Telephone: +64-27-582-6600 Facsimile: n/a Web
The Medical Assurance Society has been ordered to pay a penalty of $2.1 million after admitting it breached one of the Financial Markets Conduct Act fair dealing provisions, which affected thousands o
Greenfern Industries Limited Ordinary Shares Company Details Registered Office: 127 Normanby Road, Normanby 4671 Postal Address: 127 Normanby Road, Normanby 4671 Telephone: +64-27-420-2476 Facsimile
Fidelity Life's $400 million purchase of Westpac's New Zealand life operations will take its market share from about 11.5% to nearly 17%, based on Financial Services Council statistics. Fidelity Life.
By Rebecca Howard Nov. 1 (BusinessDesk) - Fidelity Life will use a $100 million capital injection from the New Zealand Superannuation Fund to help pay for future growth and new innovation, with a foc
By Rebecca Howard June 24 (BusinessDesk) - The Reserve Bank is demanding ANZ Bank New Zealand provide assurance it is operating in a prudent manner after it was censured in May and the bank says it w
By Paul McBeth Dec. 9 (BusinessDesk) - US fund manager Fidelity Investments, with US$4.9 trillion under management, has built up a substantial shareholding in local software developer Xero. The global
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
By Paul McBeth Oct. 23 (BusinessDesk) - Fidelity Life Assurance, the country's third-biggest life insurer, reported a 32 percent drop in annual profit, reflecting a year-earlier gain from the sale o
By Rebecca Howard Oct. 31 (BusinessDesk) - The New Zealand Superannuation Fund plans to take cornerstone stake of at least $100 million in Fidelity Life, the largest Kiwi-owned life insurer. If the
By Paul McBeth Nov. 7 (BusinessDesk) - Fidelity Life Assurance, the country's third-biggest life insurer, lifted annual profit 43 percent as it grabbed market share and benefited from the sale of a su
The failure to address high upfront commissions in the Financial Markets Amendment Bill was a "missed opportunity" and it was now unlikely anyone will reduce commissions and risk losing market share,.
Welcome to My Net Worth, our regular column on the lives and motivations of our country’s top business, legal and political people, in their own words. Tim Brown is a former professional footba
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