nib holdings to acquire Kiwi Insurance for $43mn
SYDNEY, AUSTRALIA: nib holdings limited announced its New Zealand subsidiary, nib nz holdings ltd (nib NZ) has agreed to purchase 100% of the shares in Kiwi Insurance Limited (a wholly owned subsidiary of Kiwi Group Holdings Limited), for a total consideration of approximately $43 million (NZ$45 million). The acquisition is subject to receipt of regulatory…