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

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, December 4th, 6:41PM


Latest Headlines

Ballantyne announces her future plans

Following the sale of Partners Life to Dai-ichi, founder and managing director Naomi Ballantyne outlines her future plans.

Friday, May 26th 2023, 11:40AM 4 Comments

Partners Life founder and managing director Naomi Ballantyne is to retire after the end of March 2024.

Dai-ichi bought Partners Group Holdings for $1 billion in August 2022.

In a video sent to Partners' insurance advisers, Ballantyne assured them she hadn't been pushed by Dai-ichi.

“Before anyone speculates that my departure has been encouraged in some by by Dai-ichi Life,” she said she expects to undertake some consulting work for the global Dai-ichi Life business after she steps down.

The Japan-based company has been “incredible accommodating and supportive of my decision … I could not be more impressed with them as an owner,” she said.

The sale had securred Partners Life “as a forever company” and she is confident she is leaving the company “in the safest of hands,” Ballantyne said.

She has spent 41 years in New Zealand's life insurance industry, 35 of them spent starting and building three of the country's largest life insurance companies including 12 years at Partners Life.

The other two companies are Sovereign and Club Life, now called OnePath Life.

“I have loved every minute of my career in an industry that does great things for New Zealanders without any fanfare and I am so proud of the positive changes to the industry that have arisen because of the competition I have brought to the table,” Ballantyne said.

Tags: Partners Life

« nib launches into life Life industry grapples with Level 5 stragglers »

Special Offers

Comments from our readers

On 26 May 2023 at 1:41 pm Barry Read said:
Congrat's Naomi! If there was a Mt Rushmore for the NZ Insurance Industry you would be up there for sure. Thank you for all your support over the years and the trail you have blazed for other to follow. Cheers Barry
On 31 May 2023 at 11:32 am ian curtis said:
Agree with the sentiments expressed by Barry.

Hopefully the new up and coming leaders of insurers will similarly create competition and innovate for benefit to customers, advisers and insurers.

The early cohort of leaders at Sovereign seem to have been an amazing bunch with the likes of Naomi, Chris Coon and Ian Hendry taking a moribund industry with lazy ineffective players such as AMP and driving change with services and products that meet customer needs, offering choice and supporting independent advice and challenging things. Just contemplate what we would be like without the changes driven by the Sov cohort.

This continued with Chris setting up Sentinel & Cove and Naomi setting up Club / Onepath / now part of Chubb.

Barry’s analogy is well meaning but we should not forget Mt Rushmore was taken off indigenous peoples and desecrated. So it is not a great analogy.
On 31 May 2023 at 4:47 pm Amused said:
Well said Ian.

Naomi without you the insurance industry would not be what it is today. Thanks to you policy holders around New Zealand now have markedly superior benefits applied their policies. You drove the industry forward encouraging competition, innovation and returning focus back to the customer. It was so refreshing to meet someone like yourself in the financial services industry who just got it. You have done so much for the adviser community also over the years.

On behalf of my clients who have claimed on their policies and seen first-hand the financial benefit of having cover in place thank you.

On 1 June 2023 at 2:36 pm Do what is right said:
What sets Naomi apart from other insurer CEO's is that she comes from an insurance background. So many insurers think that someone with a banking background fits.

We need more insurance knowledge at the top of insurance companies otherwise we will see more destruction as we saw with bankers running AMP.

Sign In to add your comment



Printable version  


Email to a friend
Insurance Briefs

AIA Vitality numbers
AIA says its Vitality programme now 50,000 members and they have recorded material health improvements, demonstrating the gains that can be made when we take charge of our wellbeing.

Chubb Life scholarship winner
International student Lyla Dang has capitalised on her university “twinning” programme by winning the 2023 Chubb Life Victoria University Actuarial Scholarship.

Asteron Life Claims team acknowledged
Asteron Life's claims team were awarded a highly commended in the team of the year category at the Financial Services Council (FSC) Awards this week.

Life Direct goes into bat for NZ Cricket
Direct to consumer life insurance platform, Life Direct, signs a deal with NZ Cricket.

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