FREE MUSIC! 18 million songs. Over 450,000 artists. Free the Music and Share the Love with iHeartRadio.

LISTEN LIVE TO NEWSTALK ZB

Newstalk ZB

ON AIR NOW

Keep up with
Newstalk ZB

Follow Us

  • Facebook
  • Twitter
  • YouTube

Select region

Site Search

Search Search

Reserve Bank's tick needed to take AMI

Share |

Business News | Thursday March 1 2012 12:25

Reserve Bank's tick needed to take AMI

Related

New Zealand's largest insurer still has to get Reserve Bank clearance before officially taking the reins of AMI.

IAG has bought the troubled Christchurch-based company for $380 million.

It's just been given the green light by the Commerce Commission and Overseas Investment Office, but it still needs a tick from the Reserve Bank.

IAG CEO Jacki Johnson says final approval will bring certainty to AMI's customers and staff.

The agreement excludes AMI's Canterbury quake liabilities, which will be managed by the Government.

Advertisement
  • Three-strikes policy proposed for burglaries

  • Cuba sells condoms after expiration date

  • Police investigate alleged rape

  • Girl in hospital after wasp sting

  • Two in custody after beach shooting

  • Kiwis asked to help Sherpa families

  • Auckland Weather

    21°
    Today
    Partly Cloudy
    H:24° L:16°
    Click for More Weather
    More Weather

    The Republic of NZ

    Should New Zealand cut ties with the monarchy and become a republic?

    Vote Now

    View Results