More Kiwis running the risk with falling rates of health, home, car and life insurance. [WITH GRAPH]

Two former trusteee companies (they have a new name now) have come together in a new company and Milford Asset Management takes an ownership stake in the business.

[UPDATED- with KiwiSaver numbers] Macquarie Bank-owned Brook Asset Management has withdrawn its offer document from the market and is winding down its funds management operation in New Zealand.

BNZ’s managing director and chief executive Andrew Thorburn is to become the chief executive of the bank’s parent, National Australia Bank.

Life insurance company Cigna has named its new chief executive who will replace Gail Costa.

Offshore participation in local government funding agency bonds is increasing, Westpac says.

Offshore participation in local government funding agency bonds is increasing, Westpac says.

AMP is venturing into the online direct sales space with a new product called Quick Start Life.

ANZ Investments has received a silver rating for all of the multi-asset class funds in its three KiwiSaver schemes, from research house Morningstar.

Plus4 Insurance Solutions has a new Auckland-based adviser.

Mortgage Express has appointed two new advisers – Sian Jones and Megan Fraser.