Media alert 23 November 2023 Fidelity Life has more than delivered on its promised product enhancements, with six being launched to market today – this includes an additional enhancement since they were initially previewed at its Engage...
28 February 2022
Fidelity Life has officially welcomed Ngāi Tahu Holdings as a new large shareholder following the completion of the New Zealand-owned life insurer’s $400 million acquisition of Westpac Life.
Fidelity Life’s largest shareholder the NZ Super Fund and Ngāi Tahu Holdings funded the majority of the acquisition, with Ngāi Tahu Holdings taking a $140 million, 24.9% stake in the life insurer.
Fidelity Life Chair Brian Blake says welcoming Ngāi Tahu Holdings as a new investor is another important milestone for the company.
“We’re very proud to have two of New Zealand’s most successful investors in the NZ Super Fund and Ngāi Tahu Holdings on our share register. It’s a powerful combination and helps set us up for a successful future.”
Ngāi Tahu Holdings Chief Executive Craig Ellison says the investment is expected to be of mutual long-term benefit and is something to be celebrated.
"This investment by Ngāi Tahu Holdings aligns with our refreshed strategy and contributes to the diversification of our portfolio. Our focus is firmly on intergenerational growth of the pūtea for future generations of our whānau and this investment will help contribute to that success.”
Fidelity Life Chief Executive Melissa Cantell says Ngāi Tahu Holdings will further strengthen the company’s New Zealand-owned credentials.
“Ngāi Tahu Holdings are a fantastic addition to the Fidelity Life whānau and will help us progress our aspiration to reimagine life insurance for New Zealanders. We know New Zealanders love supporting locally owned businesses and I’m excited to see where our new partnership with Ngāi Tahu Holdings will take us.”
Ngāi Tahu Holdings will shortly appoint one new Director to Fidelity Life’s Board.
Media release 6 November 2023 New Zealand’s largest locally owned life insurer Fidelity Life has published its turnaround times for new business, underwriting and call centre interactions as part of its commitment to significantly improv...
Media release 1 November 2023 A full year’s contribution from its Fidelity Insurance subsidiary, acquired from Westpac Group in 2022, is the key driver behind a return to profitability and dividends at the country’s largest New Zealand-...
Fidelity Life makes three senior hires to support its strategy to ‘re-launch and re-define’ its adviser channel experience.
Media release 10 October 2023 New Zealand’s largest locally owned life insurer Fidelity Life has made key appointments in its Sales and Service team, as it continues to double-down on its commitment to the adviser channel. Reporting...