nib, a health insurance cover company, completed the acquisition of Kiwi Insurance, an insurance company, from Kiwibank, a state-owned bank, for $30m. “Life insurance plays a vital role in providing financial security from the unexpected, and I’m delighted that Kiwibank and nib are entering into a long-term partnership that will support Kiwi to be better off,” Steve Jurkovich, Kiwibank CEO.