Sovereign Limited
From Wikipedia, the free encyclopedia
| Sovereign | |
|---|---|
| Type | Public |
| Founded | 1989 |
| Headquarters | New Zealand |
| Industry | Finance and Insurance |
| Products | Comprehensive and integrated range of financial products and services |
| Parent | Commonwealth Bank |
| Website | http://www.sovereign.co.nz |
Sovereign is a Financial Services provider of life and health insurance, home loans, investment and superannuation products in New Zealand and is part of the ASB Group of companies.
[edit] History
Sovereign started in 1989 as a Life Insurance and Investment provider, they expanded in 1996 with their acquisition of Metropolitan Life.
In 1998 Sovereign was acquired by the ASB Group which is owned by the Commonwealth Bank.
In 2000 the Commonwealth Bank merged with Colonial Limited, the Colonial New Zealand Life and Investment business was integrated into Sovereign which made Sovereign the largest Life Insurer in New Zealand.
[edit] Today
Sovereign is currently the largest Life Insurer and Non Bank home loan lender in New Zealand.
