Lifetime Announces Strategic Partnership with Rothbury Group - Scoop
Lifetime Announces Strategic Partnership with Rothbury Group - Scoop
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.
News alert March the 5th 2021: Three large earthquakes occurred off the coast of NZ. Civil Defence alerts buzzed cellphones around New Zealand warning of a possible tsunami on the East Coast. Updates in media and Civil Defence website were made known and Kiwis around the land in at risk areas responded to the threat.
This week the Government announced a suite of new policy with the intent to assist first home buyers into the market. This included tax changes for investors, bright-line extensions and increases to the cap on First Home Loans and First Home Grants.