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.
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Global share markets continued to rise following the volatility we saw during March, up a further 3% in July.