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

 

nib acquires QBE’s travel insurance business

nib acquires QBE’s travel insurance business as part of World Nomads Group expansion

nib holdings limited (which operates New Zealand’s second largest health insurer, nib New Zealand) has announced the acquisition of QBE’s travel insurance business (QBE Travel), Australia’s fourth largest travel insurer, for a total consideration of up to $25 million.

QBE Travel has an extensive distribution network in both Australia and New Zealand including partnerships with well-known brands, as well as an extensive network of more than 2,000 travel insurance agents. It also includes a 24-hour emergency assistance service, claims management and medical underwriting capability.

Please see our ASX announcement made today which provides further details about the acquisition which is expected to complete in the first quarter of 2019.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

$1.20 Boost: Minimum Wage Rise For Quarter Of A Million

The Government is making sure we share the prosperity of our strong economy fairly with those on the minimum wage by lifting it to $18.90 per hour on 1 April 2020 – the next step in the Government’s plan for a $20 minimum wage by 2021... More>>

ALSO:

Pristine, Popular... Imperilled? Environment Commissioner On Tourism Effects

The Parliamentary Commissioner for the Environment, Simon Upton, warns that increasing numbers of tourists – both domestic and international – are putting our environment under pressure and eroding the very attributes that make New Zealand such an attractive ... More>>

ALSO: