Country: New Zealand Page 1 / 32
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- July 6 2026
Australia’s competition regulator probes Allianz-nib travel insurance tie-up
Australian Competition and Consumer Commission launches a phase one investigation into the US$34.66m transaction.
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- July 2 2026
We’ve seen reinsurers’ appetite prevail at 1.7, Gallagher Re’s Roshan Perera says
New managing director and head of APAC tells InsuranceAsia News that while there seems to be some more room for rate reduction, cedents will certainly benefit from more options and flexibility in future renewals.
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- July 1 2026
Pricing is converging towards technical adequacy at 1.7, not overshooting it: Gallagher Re
Relatively late renewal saw market dynamics in Australia and New Zealand continuing to favour buyers with loss free cat layers recording up to 17.5% reduction, alongside improved commissions.
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- June 30 2026
Cedents secure rate cuts, better terms, structural improvements at 1.7: Howden Re
Assertive buyers, abundant capacity, benign loss experience and consolidation contribute to 10-15% rate reductions on loss-free business.
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- June 30 2026
New Zealanders lose faith in climate risk management as insurance costs bite: poll
Over 60% of New Zealanders say the government should prioritise reducing climate risks to help bring down insurance costs.
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- June 29 2026
Marsh New Zealand promotes Gabe Money to risk consulting leader
Auckland-based Money, who joined Marsh in February 2022, will lead the risk consulting team in delivering tailored risk management solutions.
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- June 26 2026
Buyer-friendly renewals persist at 1.7 as soft market signs mount, but reinsurers signal pricing floor
Rate reductions of 10–15% on loss-free business, with deeper cuts in some cases, as terms and conditions hold firm, industry insiders told InsuranceAsia News.
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- June 23 2026
Tower promotes Dan Walker to chief claims officer
He replaces Steve Wilson, who stepped down and returned to Australia.
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- June 17 2026
Brokers back fire levy review, call insurance funding model an ‘unfair burden’
Insurance Council of New Zealand chief executive Kris Faafoi also says the latest review is a timely and positive step toward ensuring the long-term sustainability of a critical public service.
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- June 14 2026
New Zealand’s NHC grows reinsurance program to record US$7.3bn
The expanded limit reflects the strong confidence of the international reinsurance market in the agency, according to NHC CEO Tina Mitchell.
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- June 10 2026
IAG warns New Zealand’s ‘piecemeal’ approach to natural hazards is unsustainable
Insurer has identified 42 gaps in the current nat cat resilience effort and proposed a 15-year roadmap to strengthen the country's risk reduction strategy.
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- June 5 2026
ICA, ICNZ formally join forces to strengthen community resilence, confidence
- Industry associations
- Australia
- Strategy
- Insurance Council of Australia
- Insurance Council of New Zealand
Resilient Insurance Markets Initiative formalises what has been an informal trans-Tasman relationship into a structured, bilateral commitment.
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- June 5 2026
Allianz Partners to acquire nib’s Australia, New Zealand travel portfolio
Deal marks Allianz Partners' expansion into the offline travel distribution channel in Australia.
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- June 3 2026
ICNZ wants fire and emergency levy scrapped, replaced with disaster prevention funding
Insurance Council of New Zealand (ICNZ) says reforms could redirect over US$355m a year into disaster prevention projects.
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- June 2 2026
PSC Insurance Brokers New Zealand promotes Carol Cooper to head of personal lines
Auckland-based Cooper joined PSC in December 2022, most recently as team leader for personal lines.
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- May 29 2026
Marsh Risk promotes ex-first-class cricketer David Wigley up the order
Auckland-based Wigley was previously the national growth leader since March 2024.
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- May 28 2026
Zurich New Zealand hires Alan James as head of distribution
He joins from AIG, where he spent 17 years holding roles in London, Singapore and Auckland.
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- May 25 2026
Tower elevates Michael Skeens to chief operating officer
Former customer contact centre head will be responsible for leading the Kiwi insurer's operational hubs, teams, systems and processes.
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- May 21 2026
Tower’s NPAT falls 40.3% in H1 FY26 amid price softening, weather claims
Gross written premium was up 1% from H1 FY25 due to lower average premiums and growth of low risk properties.
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- May 18 2026
Kiwi broker Rothbury appoints Aon veteran Charlene Kitching as head of broking services
Role, which will see Kitching work from Rothbury’s Tauranga office, was created following a review of business operations.
