Lifetime Group gets life business, sells general - Good Returns
Lifetime Group gets life business, sells general - Good Returns
The Christchurch-based Lifetime Group has formed a strategic partnership with insurance brokerage Rothbury Group which see each one focus on its core strengths.
The two groups will work together and Lifetime will focus on life insurance and mortgages and Rothbury will do general insurance.
Under the deal Lifetime has acquired Rothbury’s life and mortgage businesses; Rothbury gets Lifetime’s general business and it has taken a cornerstone shareholding in Lifetime Group.
Rothbury, which is the fourth largest general broker in New Zealand and part of the ASX-listed Steadfast Group, has bought a 19.5% stake in the business valued at $4.5 million.
What do travel and retirement planning have in common? At first glance not much, however, whilst visiting the UK recently I was reminded of this saying at the London Tube stations – “mind the gap”. Most visitors to London have heard the words “mind the gap” when travelling on the tube.
September was a positive month for most share markets across the world, bouncing back from some softness in August.