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 6th, 11:26AM

Insurance

rss
Latest Headlines

Fidelity Life chief executive stands down

Life insurer Fidelity Life has announced the resignation of chief executive Nadine Tereora.

Thursday, May 28th 2020, 1:59PM

It said Tereora had indicated she wanted to spend more time with her family and this would be her final week at Fidelity Life.

Fidelity Life chairman Brian Blake said he was disappointed to lose Nadine after three-and-a-half years.

“During Nadine’s tenure as CEO Fidelity Life secured a $100 million cornerstone investment from the NZ Super Fund, won the ANZIIF New Zealand Life Insurance Company of the Year Award for three consecutive years and maintained our position as New Zealand’s largest locally owned life insurer.

“I’d like to thank Nadine for her service and wish her and her family all the very best for the future.”

Blake emphasised Fidelity Life was in good shape: “We have a strong team, we’re in a strong financial position and we’re well-placed moving forwards.”

The challenges posed by Covid-19 had been navigated well so far, and the company’s transformation strategy was tracking well, with the recent launches of a refreshed brand and new wellbeing app, Sharecare, being great examples.

Fidelity Life’s board will commence the search for a new chief executive immediately. In the meantime, chief distribution officer Adrian Riminton and chief financial officer Simon Pennington have been appointed as joint acting CEOs to provide continuity for Fidelity Life’s people, as well as for customers, advisers and partners.

“We remain firmly focused on a successful and sustainable future with our customers at the heart of everything we do,” Blake said.

Tags: Fidelity Life Nadine Tereora

« Life insurers under threat – or are they?AIA, ASB join forces to offer cover »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Southern Cross supports new safe haven for at-risk pets
Southern Cross Pet Insurance has teamed up with Pet Refuge to provide temporary shelter for animals affected by family violence.

nib Foundation supports Lifeline to the tune of $150,000
To support the growing mental health needs of Kiwis emerging from the Covid-19 pandemic, Lifeline Aotearoa has increased its service capacity thanks to a $150,000 grant from nib foundation, the charitable arm of nib New Zealand (nib).

Southern Cross halves staff numbers
Southern Cross Travel Insurance is slashing its staff numbers from 90 to 45 people.

Fitch runs Covid-19 ruler over industry
AIA has had its Fitch rating affirmed with a stable outlook, while Suncorp is affirmed with outlook revised to negative.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

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