nib adds to its orbit

nib New Zealand has entered into agreement to buy OrbitProtect, a Kiwi-owned and operated business that helps provide insurance cover for international students and workers, and inbound travellers visiting New Zealand.

nib will own 100% of the equity in OrbitProtect. This is a strategic growth acquisition for nib and aligns with nib group’s global operations.

“There’s a strategic alignment and synergy between OrbitProtect and our current businesses,” nib New Zealand chief executive, Rob Hennin said. “This acquisition fits our business model and our vision of bringing better health and wellbeing to members in everything we do.”

OrbitProtect was established in 2005. It has strong relationships with Recognised Seasonal Employers (RSEs), schools, private training colleges, insurance brokers and education and travel agents in New Zealand and offshore, to distribute insurance products.