News Release
Date 5 April 2012

AMI Insurance Restructure and Sale

The Reserve Bank of New Zealand has completed its assessment of the proposed restructure of AMI, and change of control of AMI Insurance (Operations) Limited to IAG.

The Bank has now granted all necessary approvals under the Insurance (Prudential Supervision) Act 2010, and has granted AMI Insurance (Operations) Limited a full insurance licence.

ENDS