Dai-ichi Life to acquire Partners Life for $1bn.

Dai-ichi Life, a life insurance company, agreed to acquire Partners Life, a life and health insurance provider for $1bn. “This transaction is a testament to the New Zealand market’s ability to create globally sought-after leaders in a traditional industry. We’re proud of how Partners Life has developed from a startup into a large, fully integrated business over the last 12 years, playing an important role in New Zealand’s financial services sector. Dai-ichi Life is a global industry leader and a specialist in personal risk insurance. It has deep life insurance expertise around the world and knows the industry inside and out. Its scale, access to capital, and industry knowledge will be a huge benefit to Partners Life,” Steward Taylor, Partners Life Chief Financial Officer.