tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, July 26th, 12:14PM

Insurance

rss
Latest Headlines

Newpark not selling: Gannon

Newpark owner Darren Gannon has scotched rumours that Professional Investment Services (PIS) is buying the group.

Friday, July 25th 2008, 3:48PM
He acknowledges that there have been discussions with PIS, as well as other groups. However, any ownership change, if done, would be along the lines of what APEX group has done. That is to bring in advisers as shareholders.

"They are the ones which formed the group, and are where our loyalties lie," he says. "Not with Australians, mate."

He says previous discussions have included talks with suppliers, a mortgage broking group, another insurance group and PIS.

However none of the groups "are adding enough value", he says.

Gannon says Newpark, with 170 advisers, has enough scale now, and is continuing to grow.

"There are no changes to Newpark."

« AIG looking for more growthGrowth in health insurance predicted to be flat »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Flood claims cost almost $45 million
Insurance customers in the Canterbury region lodged 3,538 claims costing over $43.8 million in losses following the May 29 - June 1 floods according to provisional figures released by the Insurance Council of New Zealand (ICNZ).

AIA Vitality partners with Countdown and New Balance
AIA NZ has announced further enhancements to AIA Vitality in the lead up to the second anniversary of its flagship health and wellbeing programme in New Zealand.

ICNZ launches te reo Maori title
The Insurance Council of New Zealand has embraced one of the country's official languages after launching its te reo Maori name - Te Kāhui Inihua o Aotearoa.

EQC offloads disaster claim management to Kiwi insurers
From the end of June, New Zealanders will have a single point of contact for natural disaster claims with the EQC handing over management of claims to eight local insurers.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x