In a surprise move Cigna has announced that it has sold it life business to another large US insurer.

Commercial landlords could provide less rent relief to vulnerable tenants if the Government presses ahead with changes to the Property Law Act – forcing them to offer rent relief to all tenants during lockdowns whether they need it or not.

For the second month in a row Barfoot & Thompson's average selling price has fallen.

The former FundSource fund research business has a new owner.

Devon Funds Management created a new role, head of retail, and appointed a high profile commentator to fill the position.

The national average asking price for a house gently cooled month-on-month in September by -2.85%, bowing to $865,348, the latest realestate.co.nz data shows.

Mortgage interest rates could be pushing 4% by the end of next year – on one and two year rates – and 4.5% into 2023, says CoreLogic.

Monetary stimulus further reduced - Official Cash rate raised to 0.50%

Tower has partnered with Dutch AI-based solution FRISS to automate and accelerate its claims process and help detect genuine and suspicious claims in real-time.

There are still several areas of New Zealand where paying a mortgage is cheaper than renting, but a lot fewer than a year ago.

Fund manager Fisher Funds has bought Aon New Zealand’s KiwiSaver business, adding a billion dollars to its funds under management, although the price isn't being disclosed.

Christchurch-based financial services specialist Consilium has appointed its first chief operating officer.