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  • Sovereign joins the AIA Group

    Better Future Together

    On 2 July 2018, AIA Group acquired Sovereign. Since then we have worked hard to bring together the best of AIA New Zealand and Sovereign’s existing product ranges, systems and processes.

    AIA Group is the largest life insurance company in the world*, with a presence in 18 markets across Asia Pacific. AIA New Zealand Limited is part of the AIA Group and has been providing insurance to New Zealanders since 1981.

    AIA’s mission is to make New Zealand one of the healthiest and most protected nations in the world. We strive to help you live healthier, longer, better lives by encouraging you to make positive changes one small step at a time.

    Our new combined product range provides a competitive market offering of personal and business insurance products designed for the Kiwi lifestyle. We have added over 100 additional benefits to existing AIA and Sovereign products, which have been passed-back to our existing customers holding policies since 2001 to continue to provide better value.

    We’re proud to display our combined expertise at the forefront of the insurance industry. From Cape Reinga to Stewart Island, and everywhere in between, we empower our customers to live their version of healthy, every day. 

    What does this mean for you?
    • Your existing cover remains the same. You may have had additional benefits added to your cover as part of our Enhancement Pass Back Benefit, providing you with added value.
    • You’ll still contact us in the same way with any queries or claims.
    • You’ll continue to see the AIA brand in any communications you receive from us, as well as across our social media channels.
    • We remain focused on delivering the best outcomes for you every day.

    If you need any further information, visit aia.co.nz, talk to your adviser or you can speak to us directly on 0800 500 108 or enquireNZ@aia.com

    *AIA Group is the world’s largest life insurer company by market capitalisation. Source: Bloomberg, 17 June 2019.


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    Messages from Leadership

    Message from

    Nick Stanhope

    CEO New Zealand

    Welcome to a new era of insurance with AIA New Zealand

    As you may be aware, AIA Group purchased leading insurance brand Sovereign in July 2018. I'm excited about our new combined strength and the benefits this will bring to you.

    Message from Nick
    Message from

    Damien Mu

    CEO (Australia and New Zealand) and Director

    We are excited to be adopting the AIA brand across our combined New Zealand business in 2019.

    The recent acquisition of Sovereign, which is a world-class business, has transformed AIA’s scale and reach enabling us to become the largest life insurer in New Zealand. 

    Message from Damien

    Read more about the Acquisition History

    27 November 2018

    SOVEREIGN TO ADOPT AIA BRAND

    Auckland


    AIA has announced that following its acquisition of Sovereign in July 2018, its combined New Zealand business will operate under the AIA brand. The process of rolling out the AIA brand will begin later this year and will be completed in 2019.

    Sovereign to adopt AIA brand

    02 July 2018

    AIA COMPLETES ACQUISITION OF SOVEREIGN ASSURANCE COMPANY LIMITED ("SOVEREIGN")

    Auckland


    Combined business paves way for AIA to achieve its vision to make New Zealand one of the healthiest and most protected nations in the world.

    AIA Group Limited (“AIA” or the “Group”) is pleased to announce that its wholly-owned subsidiary AIA International Limited has successfully completed its acquisition of Sovereign. As previously disclosed on 21 September 2017, AIA has also entered into a 20-year strategic distribution agreement with ASB Bank, the second largest retail bank in New Zealand*.

    AIA Completes acquisition of Sovereign Assurance Company Limited ("Sovereign")

    21 September 2017

    AIA ANNOUNCES TRANSFORMATIONAL DEAL IN AUSTRALIA AND NEW ZEALAND

    Melbourne


    Acquires CommInsure and Sovereign, enters long-term distribution partnership with CBA and ASB

    AIA announced today that it has reached an agreement to acquire CommInsure in Australia and Sovereign in New Zealand. It will also enter into 20-year strategic bancassurance arrangements with Commonwealth Bank of Australia (CBA) in Australia and ASB Bank (ASB) in New Zealand. Subject to regulatory approvals, the acquisition is expected to be completed in 2018.

    AIA Announces Transformational Deal in Australia and New Zealand
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