in gibraltar in 1998 see sovereign group . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . december 2012 learn how and when to remove this template message sovereign assurance company limited type subsidiary industry life insurance health insurance home loans investments and superannuation founded 1989 headquarters auckland new zealand key people nick stanhope chief executive officer ceo products comprehensive and integrated range of financial products and services number of employees 700 parent commonwealth bank website http www.sovereign.co.nz sovereign assurance company limited sovereign is a new zealand based financial services company which provides life and health insurance home loans investment and superannuation products . it is a member of the asb group of companies which is in turn part of the commonwealth bank of australia cba group . history edit sovereign started out in 1989 as a life insurance and investment provider . the company expanded in 1996 with its acquisition of metropolitan life assurance company of n.z. limited . in 1998 sovereign was acquired by the asb group which is owned by the cba . when cba merged with colonial limited in 2000 the colonial new zealand life and investment business was integrated with sovereign making it the largest life insurer in new zealand . sovereign has maintained a market share of around 29 % to 30 % of in force premiums over the five years up to 2011 . 1 sovereign currently has a financial strength rating of a superior from international rating agency a.m. best awarded december 2011 . 1 sovereign is one of over 900 signatories for the principles for responsible investment pri . the initiative was designed and developed by the united nations environment program finance initiative unep fi and is a set of aspirational and voluntary guidelines for investment entities wishing to address environmental social and corporate governance esg issues . in 2011 sovereign hosted a united nations facilitated principles for sustainable insurance regional consultation meeting for oceania which will help develop new sustainability principles for the global insurance sector . references edit a b sovereign keeps its rating . 22 december 2011 . v t e commonwealth bank brands commonwealth bank bankwest asb sovereign limited commonwealth securities colonial first state comminsure notable people david j turner chairman ian narev ceo craig james commsec economist v t e insurance in new zealand fmg iag ami lumley nzi state qbe insurance southern cross sovereign suncorp aa insurance vero insurance tower this new zealand related article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title sovereign limited & oldid 736648784 categories companies established in 1989insurance companies of new zealandfinancial services companies of new zealandnew zealand stubshidden categories articles needing additional references from december 2012all articles needing additional referencesall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 28 august 2016 at 23 03 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view