New life insurance company coming

A South African company specialising in providing insurance for professionals, which already has a presence in Australia, is preparing to launch in New Zealand and has already made some hires of well-known locals.

William Lynch, known as Billy, is the company's local chief executive who has previously worked for Westpac New Zealand as chief operating officer and for Barclays in South Africa, according to his profile on LinkedIn.

The profile shows he has had some involvement of working with PPS in South Africa since 2017 and was also a non-executive director of the Australian company for two years to July 2020.

PPS has already hired Len Elikhis as chief operating and financial officer, who was previously AIA NZ's chief products and investments officer and has also worked for Sovereign, and Adrienne Lowe, a long term Asteron underwriter.