Partners Life

Partners Life
Company typePrivately owned company
IndustryLife Insurance
FoundedApril 2011; 13 years ago (2011-04)
Headquarters
Auckland
,
New Zealand
Key people
Naomi Ballantyne
ProductsLife, trauma, disability income, health insurance
Websitepartnerslife.co.nz

Partners Life is a New Zealand-based insurance company which provides life and health insurance.[1][2] As of 2019 it had an annual revenue of $247.5 million NZD. On August 12, 2022, global life insurance specialist Dai-ichi Life Holdings, Inc announced its acquisition of 100% of the shares in Partners Group Holdings Limited, the parent company of Partners Life Limited, subject to regulators approval.[3][4]

History

Partners Life began as a small start-up in 2011.[5] The venture was supported by reinsurer SCOR.[6]

In 2020, the company announced the purchase of BNZ Life, the life insurance subsidiary of the Bank of New Zealand.[7] The purchase is subject to approval by the RBNZ.

To celebrate a decade in business, Partners Life launched a rebranding in October 2021 as reported by Goodreturns.[8]

Recognition

In 2012, Partners Life was awarded Best Emerging Business and Excellence in Strategy and Planning at the Westpac Auckland North Business Awards.[9]

In 2018, the company received the Rainbow Tick certification for its LGBTI inclusive culture.[5]

See also

References

  1. ^ "Partners Life figures revealed". Good Returns.
  2. ^ "Insurer Partners Life calls for transparency, reveals it does not pay 9% of all claims". Stuff. 27 September 2020.
  3. ^ "Partners Life joins Global Life Insurance Giant". Good Returns.
  4. ^ "Partners Life sold to specialist Dai-ichi Life Holdings". LifeCovered.
  5. ^ a b "Partners Life : Everything you need to know - Insurance Business". www.insurancebusinessmag.com.
  6. ^ "Partners increase Partners Life business growth capacity | Scoop News". www.scoop.co.nz. Retrieved 12 March 2021.
  7. ^ "BNZ's parent National Australia Bank agrees to sell BNZ Life to Partners Life for NZ$290 million". interest.co.nz. 16 December 2020. Retrieved 12 March 2021.
  8. ^ "Partners Life rebrands". goodreturns.co.nz. 27 October 2021. Retrieved 27 October 2021.
  9. ^ "Partners Life scoops two Westpac Business Awards". Good Returns. Retrieved 12 March 2021.


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