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31 March, 2017
Vero Insurance New Zealand Limited has now transferred Autosure and Crown Insurance branded mechanical breakdown, extended warranty and credit related payment protection insurance portfolios to DPL Insurance Limited.
DPL operates as a subsidiary of Turners Limited. Turners Limited is an NZX listed integrated financial services group with a primary focus on the automotive sector. In the market for over 30 years, Turners has strong expertise in insurance and financial services products. DPL has a Financial Strength Rating of B+ (Good) with a stable outlook from A.M. Best.
If you have an Autosure policy, your policy will continue to provide cover on the same terms and there will be no change to your rights and obligations under your policy.
The transfer was subject to approval from the Reserve Bank of New Zealand, which was confirmed on 24 March 2017.
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Suncorp New Zealand today announced the sale of the majority of its Autosure motor insurance business to Turners Limited, and the start of a new corporate partnership with Turners.
The information in this article has been compiled from various sources and is intended to be factual information only. It is not personal advice and any description of an insurance product or service is not a complete description of all the terms and conditions applicable to the particular insurance product or service. You should consult a qualified adviser for advice on whether the information in this article is suitable for your personal situation and needs. While we take reasonable steps to ensure that the information contained in this article is accurate and up-to-date, it is subject to change without notice. Vero Insurance New Zealand and its related companies does/do not accept any responsibility or liability in connection with your use of or reliance on this article.
