Partners Life has had its credit rating upgraded on the back of strong earnings and an investment from Blackstone Group.
AM Best has upgraded Partners credit rating from bbb to bbb+ and it has affirmed the Financial Strength Rating of B++ (Good).
"The rating actions reflect significant improvement in Partners Life’s capital position, due to continued strong earnings and significant capital contribution. In addition, the $200 million investment from the Blackstone Group has improved Partners Life’s financial flexibility," AM Best says...MORE»
Tuesday, March 21st, 11:05AM
Natalie Cameron has stepped down after nearly two years at the helm and her replacement has already been appointed.MORE»
Tuesday, March 21st, 6:00AM
Government moves to raise the pension age should also consider the cost of healthcare for an ageing population, the Health Funds Association’s chief executive says.MORE»
The Financial Markets Authority has filed charges against Garry Patterson.MORE»
To protect clients from whatever future events may happen we must start with hard questions – and a polite determination to get to proper answers.MORE»
Partners Life has launched Fast App, an underwriting tool which it says will help close the under insurance gap in New Zealand and widen the customer base for advisers.MORE»
Aggregator sites are set to become a much more important distribution channel for insurance over the coming years as advisers focus on higher-value tasks, a report says.MORE»
External disputes resolution providers say non-disclosure is a big issue for the New Zealand insurance industry, and advisers could be doing more to help.MORE»