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nib boosts profit

nib has reported a 40% increase in underlying profit in its New Zealand operations.

Monday, February 20th, 12:21PM

The health insurer recorded a profit of $11.5 million in this country for the six months ended December 31.

New Zealand premium revenue rose by more than a quarter to $105.1 million.

Chief executive Rob Hennin said the New Zealand-based operations were tracking well for the full year on the back of a recent acquisition and strong customer sales.

“The acquisition of OnePath health in late 2015 has provided our business with additional leverage and scale...MORE»

Partners rejoins FSC

Friday, February 17th, 11:00AM

Partners Life has rejoined the Financial Services Council after quitting the organisation in 2015 amid the fallout of the Melville Jessup Weaver report

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Sovereign: Don't wait for law to change

Thursday, February 16th, 2:00PM

Sovereign’s new distribution boss says the upcoming Financial Advisers Act review is likely to simply make clearer obligations that already exist for insurance brokers.

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Insurers ponder cover for retirees

Thursday, February 16th, 6:00AM

Insurers are wrestling with how to offer insurance to New Zealanders holding larger amounts of debt later in life.

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More Kiwis take out health insurance

Tuesday, February 14th, 6:00AM

New Zealand has experienced the biggest jump in health insurance coverage in a decade, Health Funds Association (HFANZ) figures show.

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Is that really advice?

Monday, February 13th, 3:59PM

What ordinary people think is advice, what we think advice is, and what the law defines as financial advice vary a bit. So what is advice? Does it matter if your client knows?

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Sovereign launches loyalty programme

Friday, February 10th, 6:00AM

Sovereign is changing the way its best-performing advisers are rewarded, with a new loyalty programme that recognises existing and new business.

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Suncorp hails life brands' growth

Thursday, February 9th, 7:17PM

New Zealand life insurance brands are not part of Suncorp's examination of "strategic alternatives" for its personal risk business.

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