Partners Life

Partners Life
TypePrivately owned company
IndustryLife Insurance
FoundedApril 2011; 15 years ago (2011-04)
Headquarters
Auckland
,
New Zealand
Key peopleNaomi 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. 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.

History

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

In 2020, the company announced the purchase of BNZ Life, the life insurance subsidiary of the Bank of New Zealand. 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.

On 3 September 2026, Partners Group Holdings, the parent company of Partners Life and a subsidiary of Daiichi Life Group, agreed to acquire Fidelity Life Assurance Company for NZ$630 million, subject to regulatory approvals and other completion requirements.

Recognition

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

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

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. 1 2 "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. ↑ "Daiichi Life to Pay ¥59.6bn for Full Control of New Zealand's Fidelity Life". Tokyo Brief. 3 September 2026. Retrieved 4 October 2026.
  10. ↑ "Partners Group Holdings Limited announces plans to acquire Fidelity Life Assurance Company Limited" (Press release). Fidelity Life. 3 September 2026. Retrieved 4 October 2026.
  11. ↑ "Partners Life scoops two Westpac Business Awards". Good Returns. Retrieved 12 March 2021.