News Formal

Outsurance sells New Zealand insurance business

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Canada News News

Rand Merchant Investment Holdings says the sale of Youi Holdings will release capital of up to NZ$13m

Picture: 123RF/ADIRUCH

Outsurance has not had an easy ride in New Zealand where it has previously run into trouble with regulators and, in 2016, was fined NZ$100,000 for poor sales conduct. Outsurance will sell Youi Holdings to Tower Insurance, New Zealand’s third-largest general insurer. The deal involves some 34,000 active insurance policies and is expected to be finalised before the end of 2019, although it is still subject to regulatory approval.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Outsurance sells New Zealand insurance businessRand Merchant Investment Holdings says the sale of Youi Holdings will release capital of up to NZ$13m
Source: BDliveSA - 🏆 12. / 63 Read more »

Why the fight club business is boomingThe boom in the hurt business is among the unlikeliest people is one of the strangest new trends
Source: BDliveSA - 🏆 12. / 63 Read more »

New Wits Business School master’s course unlocks the power of innovationSPONSORED | Unlock the power of innovation. Applications for the Master of Management in Innovation Studies at witsbschool are now open. Apply today
Source: BDliveSA - 🏆 12. / 63 Read more »