News & Events
Partners Life has once again received a 5 Star Rating in this year’s Lewers Survey.
That makes it seven years in a row that we have received a 5 Star Rating. Not only that, but we are the only Life Insurer in 2017 to have received a 5 Star Rating, meaning we topped the survey again this year.
A.M. Best has upgraded the Long-Term Issuer Credit Rating to bbb+ from bbb and affirmed the Financial Strength Rating of B++ (Good) of Partners Life Limited.
Partners Life Managing Director Naomi Ballantyne says, “We are pleased to have received an uplift of our Issuer Credit Rating. As a young company our rating was always constrained.
Coming off its first five years of successful start-up development and rapid growth, New Zealand's leading life insurer Partners Life has appointed well-known and respected Australasian industry personality Jim Minto as its new Chairman.
The appointment – which also follows the company's $200 million private equity investment from the Blackstone Group – comes after current Chairman Sam Knowles' decision to step down. Mr Knowles will stay on as a director for both Partners Life Limited and Partners Group Holdings Limited.
Partners Life has confirmed a $200 million investment commitment from funds managed by Blackstone Group
The New York-headquartered Blackstone is listed on the New York Stock Exchange and is one of the world’s largest asset managers with more than $500 billion (US$344 billion) in assets under management. Its substantial capital investment in Partners Life equates to a significant minority shareholding in the company, and follows Blackstone’s recent purchase of five New Zealand retirement villages.