TOWER has confirmed the sale of its health insurance business to Australian private health insurer nib for $103.1 million.
The company says that all conditions of the sale had now been satisfied.
“TOWER and nib look forward to building a long-term distribution relationship that will deliver benefits to health customers through the insights, expertise and strong track record in medical insurance that nib will bring to the New Zealand market,” TOWER managing director Rob Flanagan says.
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