|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, April 9th, 6:09PM


Latest Headlines

Unimed seeking higher returns

A Kiwi health insurer has moved millions of dollars to a riskier investment because it wants better returns.

Wednesday, January 8th 2014, 10:42AM

by Susan Edmunds

Unimed’s latest financial statements show that between 2012 and 2013, $20 million of corporate bonds changed from being AA- rated to non-rated.

The company has just under $75 million invested in total.

The company’s accountant, Fraser Hope, said the move was a strategic one, to get a better return from the investment.

He said customers would be unaffected and would be better off because of the move.

“A lot was with BNZ and we moved it to another investment body, with Tyndall. It’s more of a risky investment to get better returns.”

The 2013 statements also showed there was just under $7.5 million more invested in AAA-rated investments than there had been in 2012, $2 million less in AA+ investments and $7.7 million more in AA-rated.

« Tower unable to find buyer for remainder of life policiesBlame the Adviser? »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
Insurance Briefs

Life and health insurance through the eyes of a pandemic
Partners Life’s Naomi Ballantyne calls on her 38 years in the industry to discuss potential trends for the industry through lockdown and what we might see moving beyond.

MDRT plans virtual annual meeting
The MDRT's annual meeting, which attracts more than 10,000 delegates from around the world, will be a virtual event this year.

ANZIIF cancels insurance awards
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has made the decision to cancel the 2020 Australian and New Zealand Insurance Industry Awards.

Partners Life supports rainbow community
Partners Life is again supporting the Rainbow Excellence Awards.

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
Site by Web Developer and