AA plans to broaden financial service offerings to New Zealanders
15 February 2019
The AA, a current car loan finance provider, is pleased to announce a new partnership with Suncorp New Zealand to jointly explore how both organisations can expand financial service offerings.
AA CEO Brian Gibbons said it’s always been the AA’s aspiration to look at how it might offer a broader range of financial services beyond car loans to New Zealanders, and this new partnership affords that opportunity.
Suncorp New Zealand is part of Suncorp, a leading general insurance, banking, life insurance and superannuation business with brands in Australia and New Zealand.
Called AA Finance, the joint venture will launch later this year, offering loans for cars, motorbikes and boats.
The objective of the joint venture will be to provide affordable finance for all Kiwis, with AA Members the primary beneficiary.
“The partnership is based off the back of an existing relationship the AA has with Suncorp New Zealand, jointly providing general and life insurance through AA Insurance and AA Life. The success of the partnership has encouraged both organisations to look beyond those insurance products to the financial services sector,” Brian said.
Suncorp New Zealand CEO, Paul Smeaton, said he was excited about the new partnership.
"I couldn’t think of a better partner than the AA to launch this offering to New Zealanders, given Suncorp's longstanding relationship with the AA," said Mr Smeaton.
Media enquiries: Bridget Catchpole +64 27 215 1292
AA media enquiries: Kiri Coughlan +64 9 927 2639
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. Suncorp 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.