Lifetime Announces Strategic Partnership with Rothbury Group - Scoop
Lifetime Announces Strategic Partnership with Rothbury Group
One of New Zealand’s strongest financial services businesses was created today following the announcement by Lifetime Group of its national strategic partnership with insurance brokerage Rothbury Group Limited.
The deal involves three key transactions, including an exchange of assets and expertise. This includes:
• Lifetime taking over Rothbury Life (Rothbury’s life insurance and mortgage division).
• Rothbury acquiring Lifetime’s General Insurance Brokerage.
• Rothbury purchasing a 19.5% ‘cornerstone’ of Lifetime shares.
Investment portfolios had a rather subdued month in September, capping off a very strong quarter driven by solid returns during the months of July and August. In fact, the US share market produced its best local currency quarterly return since 2013, with the S&P 500 up 7.2% for the September quarter.