Pursuant to the Insurance (Prudential Supervision) Act 2010, notice is given that on or about 1 January 2013, Allianz New Zealand Limited (ANZL) intends to transfer all of its insurance business to the New Zealand Branch of Allianz Australia Insurance Limited (AAIL).
The transfer is subject to Reserve Bank of New Zealand approval, and issue of a full general insurer licence to AAIL, under the Insurance (Prudential Supervision) Act 2010.
Both ANZL and AAIL are members of the global Allianz group.
The transfer is an internal Allianz group reorganisation.
The group intends to continue to provide ongoing insurance services in New Zealand, via AAIL trading as Allianz
New Zealand, and there are no changes in New Zealand to staff or contact telephone, email and other details resulting from the transfer.
The insurance business being transferred includes ANZL's obligations under policies issued by ANZL to its policyholders ("Policies").
The obligation to provide cover to ANZL's policyholders will be transferred to AAIL trading as Allianz New Zealand.
No other change will be made to the terms of the Policies as a result of the transfer and no action is required on the
part of policyholders.
Any questions, concerns or comments regarding the transfer should be directed to the Compliance Officer on freephone 0800 707 008.