Partners Life have done it again and were the only company to receive a 5 star rating from the annual Lewers Survey of Independent Advisers (Formally Beaton Survey) for 2016.
Partners Life once again improved on the previous years achievement and scored an overall satisfaction rating of 86.4% up from last year's rating of 86%.
We are delighted with the results and are very proud of everyone who has been part of this amazing achievement.
The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) awards were held on 5th November 2015 in Auckland. ANZIIF is the leading provider of education, training and professional development for our industry in Australasia, and the awards are a well-respected annual event.
There is only one award specifically for Life Insurance companies, the aptly named Life Insurance Company of the Year. We are very proud to announce that Partners Life won this award, meaning we hold the 2015 PAA Insurance Provider Award and the 2015 ANZIIF Life Insurance Company of the Year Award concurrently.
This is a remarkable achievement and all of the team here at Partners Life are very appreciative of these external acknowledgements of our hard work.
In addition, our very own Naomi Ballantyne was awarded the prestigious ANZIIF Lifetime Achievement award. This award is a rare recognition and one which is richly deserved – there are very few people who can claim Naomi's longevity in this industry (33 years and counting), and there is absolutely no one who can claim to have had the level of achievement and influence Naomi has had in that time. She has made a substantial contribution to the industry in general – from product development, industry education and process engineering right through to industry regulations, Naomi has left an indelible mark on life insurance in New Zealand, and on many of the industry's most talented people, including our own staff and advisers.
Naomi has many amazing personal qualities which have contributed to her success, but perhaps the greatest is her commitment to people. Her touchstone when making decisions is doing the right thing by people – looking after and developing her staff, providing for the needs of our customers, and helping our advisers succeed because their success is our success. Each of us has benefited from Naomi's experience and intelligence, and each of us have better career or business opportunities for having worked with her.
The Partners Life team are proud to say we work with Naomi Ballantyne, and we are very happy that she has received this award in recognition of her life-time of commitment to our terrific industry.
At Partners Life we believe in family values and that parenting really does matter, so in accordance with this we are pleased to announce that we have now become sponsors of another family orientated organisation 'The Parenting Place'.
We are giving our support to their popular Fathers' Breakfast meetings held in three venues:
Tuesday 11th August, SKYCITY Convention Centre, Auckland
Tuesday 1st September, Shed 6 , Queens Wharf, Wellington
Monday 7th September, Air Force Museum, Christchurch
About The Parenting Place
The Parenting Place organisation passionately believe that Family is Everything. They help families through a wide range of programmes - Toolbox parenting groups, Hot Tips for communities, Hot Tips for businesses, Fathers’ Breakfast, The Parenting Show with Pio, Pasifika Families, Parenting magazine, Family Coaches, their centre in Auckland, Attitude programmes for schools, and the National Young Leaders Days. The Parenting Place is there for families - parents, grandparents, carers, and children - whatever stage they are at in their journey. Their mission statement is simple: an organisation that seeks to serve parents and children, and it does so with flair, humour and quality.
About Fathers' Breakfasts
Fathers' Breakfasts are held annually in Auckland, Wellington and Christchurch. Six top speakers talk from their heart and share personal stories from their journey as a father – all to provide inspiration to help you with your role as a dad. Plus enjoy a fully cooked breakfast at the same time!
In previous years, speakers such as Sir Stephen Tindall, Sir Ralph Norris, Sir Ray Avery, Sean Fitzpatrick, Wayne 'Buck' Shelford, Graham Henry, Robbie Deans, Nick Farr-Jones, Neil Finn and John Campbell have spoken at Fathers' Breakfasts. All of them are quick to admit their failings, but they are also keen to pass on what they've found that works.
Fathers can make a huge, positive difference. Fathers want to be active and involved in their kids' lives – this event will give you some simple tips and inspiration to take home and apply. The practical nature of the speakers' advice, combined with the atmosphere generated by hundreds of fathers in a room, makes it a powerful event. If you wish to book your space whilst seats last then please click below.
"Partners Life maintains overall satisfaction to be the best in the market" - receiving 5 Stars in the Beaton Survey for 2015
Thanks to you, for the fifth year, Partners Life has again received a 5 star rating from the annual Beaton Survey of Independent Advisers.
Partners Life was again the only company to receive a 5 star rating in this years (2015) survey and scored an overall satisfaction rating of 86% up from last year's rating of 85% (industry average 72%).
We are delighted with the results and are very proud of everyone who has contributed to our success to date.
Following on from our success at the 2013 Awards, Partners Life is proud to announce that we will be
the sponsor of the Excellence in Business Leadership Award at the Westpac Auckland North Business Awards 2014.
These awards recognise resilience, innovation, and the essential principals of business success.
They offer businesses the chance to:
- showcase their product to the wider community
- have the opportunity to be seen as an outstanding business in Auckland
- celebrate with staff and acknowledge their contributions to business
For more details about the awards and to download an entry form,
please go to www.aucklandbusinessawards.co.nz
Following on from our success at the 2012 Westpac North Business Awards we are delighted to announce that Partners Life has been even more successful at the 2013 Awards which were announced last night.
This year we have been awarded the Babcock Excellence in Leadership Award and the Best Medium to Large Business of the Year Award to go along with last year's Excellence in Strategy and Planning and Best Emerging Business Awards.
But the most exciting news from last night was that Partners Life was also awarded the Westpac Supreme Business of the Year Award for 2013.
It is extremely satisfying to have received this accolade this year when we are still not quite two and a half years old. Our wonderful people are bursting with pride about their company and I am extremely proud of each of them.
We would like to thank you for supporting us - we know that we wouldn't be where we are today without you.
As we advised previously, Partners successfully completed an institutional capital raising in July where we raised $11.9m which was well in excess of our targeted minimum of $10m.
We are now pleased to provide an update to this institutional capital raising process.
Waterman Capital commenced due diligence on Partners while we were in the process of this capital raising but due to time constraints, were unable to finalise their research by the time we closed the investment window.
We continued to provide Waterman with the information they needed to complete their due diligence and we are very pleased to announce that the outcome of this very thorough due diligence process is an investment of $6.25m into Partners equating to an initial 5% stake.
Waterman Capital is a New Zealand owned and operated private investment firm with excess of $125m under management. It focuses on investing in, and adding value to mid-market businesses in New Zealand. Waterman Capital was the first manager appointed by the New Zealand Superannuation Fund and also includes the Accident Compensation Corporation amongst its cornerstone investors.
With another respected institutional investor joining Maui Capital and Rangatira Limited as cornerstone shareholders, we see this as acknowledgement of the significant success achieved by the business to date as well as a reflection of the success we expect to achieve into the future.
An added bonus of the Waterman investment is the addition of Lance Jenkins, Executive Director at Waterman, onto the Partners Board of Directors where he will further enhance what we consider to be our world-class governance team.
Lance comments: "This is a tremendous New Zealand growth story and one that we are privileged and excited to be part of. At Waterman, we are all looking forward to working with Naomi and her team to help Partners achieve its strategic goals".
For the third consecutive year Partners
Life has received a 5 Star rating on the annual Beaton survey, and we are the
first life insurance company in New Zealand to do so. Beaton Research and
Consulting, who conduct the survey, interview hundreds of life insurance
advisers each year across a broad range of areas relating to the products and
services of life insurance companies.
Partners Life was the only company
to receive a 5 star rating in the 2013 survey, and scored an overall
satisfaction rating of 82% (industry average is 74%).
We are delighted
with the results and are very proud of everyone who has contributed to our
success to date. We have always championed the vital importance of independent
advice, and it means a great deal to us that we have been rated highly by our independent advisers.
survey revealed that Partners Life is considered particularly
strong with excellent ratings for product quality, innovation and
pricing. This reflects our on-going commitment to the quality of our
products. Developing and delivering the highest quality products has always been
a central company philosophy - products which provide great coverage are the
right answer for our clients and advisers.
We also rated very highly in a
number of other areas, most notably adviser service and support,
being easy to deal with, and having helpful and friendly
Partners Life Limited is delighted to announce the addition of Berkshire Hathaway and PartnerRe as retrocessionnaires to the SCOR reinsurance treaty.
The introduction of Berkshire Hathaway and PartnerRe further increases SCOR's capacity to provide the reinsurance requirements for Partners Lifes rapidly growing business well into the future, whilst continuing the very close relationship Partners Life has always had with SCOR.
SCOR has been Partners Life reinsurance partner since inception in 2010, supporting its development as New Zealands fastest growing life business, providing fresh and innovative solutions for the financial and insurance needs of New Zealanders. This partnership has been highly successful, reflecting the strong relationship between the two teams.
We are very pleased to welcome these two substantial partners as supporters of our reinsurance treaty with SCOR, says Naomi Ballantyne, Managing Director of Partners Life. This arrangement further increases our reinsurance capacity, which is important given our unprecedented growth since inception only two years ago and our expected continued growth into the future. At the same time it allows us to maintain our key relationship with SCOR, who remain our principal treaty partner.
Sean Kam, Chief Financial Office of Partners Life says "the introduction of Berkshire Hathaway and PartnersRe into the SCOR treaty is a testament to the substantial company Partners Life has become in a very short period of time and the international reputation in the insurance industry of the Partners Life management team.
To have three of the most substantial global reinsurance companies working collectively to provide us with reinsurance support, allows us to focus firmly on our future, which we are very excited about.
Berkshire Hathaway Reinsurance (Ireland) Limited, domiciled in Dublin, is the European life reinsurance vehicle of the Berkshire Hathaway Reinsurance Group which in turn is part of the Berkshire Hathaway Inc. Group of companies run by Chairman and CEO Warren Buffett.
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services.
The insurance business activities of Berkshire Hathaway are conducted through approximately 70 domestic and internationally-based insurance and reinsurance companies. These businesses provide property and casualty insurance in the United States as well as property and casualty, life, accident and health reinsurance globally. Berkshire Hathaway is renowned for the exceptionally high overall levels of capital held in its insurance companies.
Partner Reinsurance SE is the European reinsurance subsidiary of PartnerRe, domiciled in Dublin.
PartnerRe is a leading global reinsurer with the capital and the capabilities in virtually every risk class and every geographic region to offer secure, customized solutions, responsive to its clients needs. For the year ended December 31, 2012, total revenues were $5.6 billion. At June 30, 2013, total assets were $22.6 billion, total capital was $7.2 billion and total shareholders equity attributable to PartnerRe was $6.4 billion. PartnerRe has Financial Strength Ratings of A+ (A.M. Best and Standard & Poors), A1 (Moodys) and AA- (Fitch).
A top-five global reinsurer, SCOR has a balanced business model, with three powerful engines: SCOR Global Life (Life reinsurance), SCOR Global P&C (Non-Life reinsurance) and SCOR Global Investments (asset management). With premium income of over 13 billion USD expected in 2013, SCOR continues to reinforce its position as a leading global reinsurer and the added value it brings to its clients through its 37 offices worldwide. SCOR has total assets of $24 billion USD, and Financial Strength Ratings of A+ (Standard & Poors, Fitch and AM Best Issuer Credit) and A1 (Moodys). The business is optimally positioned to offer innovative solutions, focusing on long term partnerships with clients, through its strong local operations supported by global centres of excellence.