Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

IAG applies for clearance to acquire

1 June 2003-04

IAG applies for clearance to acquire Mike Henry Travel

The Commerce Commission has received an application from IAG New Zealand Limited seeking clearance to acquire 100% of the shares in Mike Henry Travel Insurance Limited.

IAG NZ is owned by Insurance Australia Group Limited. IAG underwrites and distributes a range of general insurance products, under the State and NZI brands. It also underwrites and distributes travel insurance through a variety of brokers, intermediaries and distributors such as banks, as well as directly to customers via the internet, call centres and retail sales sites. IAG distributes, but does not underwrite, life insurance products.

Mike Henry Travel Insurance (MHTI) is wholly owned by Mike Henry New Zealand. MHTI is active in the distribution of travel insurance, predominantly through travel agents, and in some cases, directly to customers. MHTI does not underwrite travel insurance.

In considering the application, the Commission’s role is to determine whether the merger has the effect of substantially lessening competition in a market.

A public version of the application will shortly available on the Commission’s website under Adjudication.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO:

Crown Accounts: Govt Books In Line With Forecasts

The Government’s financial statements for the four months to 31 October indicate the books are tracking along with Treasury’s Budget forecasts, Finance Minister Grant Robertson says. More>>

ALSO:

Expert Reaction: Ross Sea Region Marine Protected Area In Force

Sweeping new protections for Antarctica's Ross Sea will come into effect on Friday 1 December. After five years of debate, the marine protected area (MPA) was agreed in 2016 after a joint proposal by New Zealand and the United States... More>>

ALSO: