Email: Password:
Forgot Password

News Archive

Back to List Back to list
Previous Article Next Article

Comments sought on merger

17 Mar 2017

A week after a major insurer lodged a clearance application to acquire 100% of the shares of a Kiwi insurer, NZ’s competition enforcement and regulatory agency is inviting interested parties to comment on the competition issues relating to the merger.

The Commerce Commission has released a Statement of Preliminary Issues that outlines the key competition issues of Vero’s acquisition of Tower. A copy of the statement is available at the Commission’s Clearances Register.

Interested parties have until April 06, 2017 to email their comments on the likely competitive effects of the proposed merger to, using the reference Vero/Tower in the subject line. 

The Commission tentatively set the deadline for its decision at May 05, 2017. This date may be extended as the investigation progresses, if the Commission finds the need to test and consider other emerging issues.

Previous Article Next Article


Professional IQ

Professional IQ College

Workshops, Online courses, webinars and Qualifications. For upcoming events         click here

Latest Papers:

Closing the Gap - Insuring your business against evolving cyber threats

iNavigator iNavigator Media Center
Provides access to a wide range of industry related media resources

Covernote Cover Note
IBANZ quarterly magazine for the latest on the intermediated insurance market.

Gary's Blog Gary's Blog
Comment on current issues.

© Copyright IBANZ, all rights reserved. Private information collected for this website is governed by our Privacy Policy. Read our Terms & Conditions
Powered by streamSWEET CMS