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stocksJun 4, 2026, 11:15 PM

NIB Holdings Sells Australia, New Zealand Travel Insurance to Allianz Partners for Up to A$50M

NIB Holdings has agreed to sell its travel insurance businesses in Australia and New Zealand to Allianz Partners for up to A$50 million, with a strategic distribution partnership and expected closing by end of 2026 pending regulatory approvals.

NIB

NIB Holdings has announced the sale of its travel insurance operations in Australia and New Zealand to Allianz Partners. The deal is valued at up to A$50 million and includes a strategic distribution partnership between the two companies.

The transaction is expected to close by the end of 2026, subject to regulatory approvals. No further financial or operational details were disclosed in the announcement.

Source: First Squawk