Trade Me sells insurance operation LifeDirect

In This List

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Bed, Bath, and Bankruptcy: Using Quantitative Credit Models to Predict Corporate Defaults

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

22 Jan, 2020

Author Romessa Nadeem
Theme Retail & Consumer Products Insurance

Trade Me Group Ltd. sold its insurance operation LifeDirect to former owner Mark Solomon, Radio New Zealand reported, citing the New Zealand-based online marketplace's CEO, Anders Skoe.

The financial terms of the deal were not disclosed.

Skoe noted that the business did not fit with the group's strategy anymore.

Trade Me purchased LifeDirect, which provides comparison and purchase of life and health insurance online, in 2013 as an additional revenue stream.