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Fidelity buys Westpac Life NZ for $400m, Ngāi Tahu invests $140m

Ngāi Tahu Holdings has taken a 24.9% stake in Fidelity.

New Zealand’s largest locally owned life insurer has bought Westpac’s New Zealand life insurance business for $400 million and received a $140m investment from Ngāi Tahu Holdings.

Westpac said today it had agreed to sell its local life insurance business to Fidelity Life, owned 41% by the

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Hamish McNicol Tue, 06 Jul 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Fidelity buys Westpac Life NZ for $400m, Ngāi Tahu invests $140m
General Business,
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