TAL is part of the Tower Life Insurance. From memory, NIB bought the health insurance business from Tower NZ.
A speculation.. TAL might be looking for a platform to distribute their life insurance products through mortgage brokers. The best platform out there is AFG.
I'm in this. I think we are looking north $1.30 on listing. I'll hold this for some time as it will do well (especially with another rate cut on the table).
As someone already mentioned, the business is valued much cheaper than MOC. I personally think this is a much better business as most mortgage brokers in Australia are using their platform.
