Country: New Zealand Page 11 / 26
-
- September 11 2023
Dual promotes Leo Abbruzzo to executive chairman for ANZ as it rejigs regional leadership
Deputy CEO Michael Ussher takes on additional responsibilites at the Howden-owned MGA, which has also named a new Australia, New Zealand CUO and a head of national partnerships.
-
- September 8 2023
Howden snaps up Auckland-based IUNZ
Insurance Underwriters NZ operates as a financial advice provider for Apex Insurance, dealing with Tower Insurance products.
-
- September 7 2023
Sedgwick New Zealand promotes Paul North to head of forensic accounting
Auckland-based North was most recently a senior loss adjuster for major & complex losses and forensic accounting services for the global firm.
-
- September 7 2023
Chubb elevates David Hamill to financial lines manager for Australia and New Zealand
Sydney-based Hamill was most recently state manager for New South Wales, Australia.
-
- September 6 2023
Howden bulks up New Zealand operations with Apex Insurance buy
The deal bolsters the global broker's corporate and SME presence in the country alongside Wallace McLean and Howden Broking NZ.
-
- September 6 2023
Marsh appoints Josh Roach as Pacific CEO
Roach will oversee Australia, New Zealand, Fiji and Papua New Guinea from January 2024 as Nick Harris takes on the UK retail CEO role.
-
- September 5 2023
Sedgwick NZ elevates Mark Crosby to head of property
Crosby led the company’s commercial property response to the Auckland-based floods and Cyclone Gabrielle losses.
-
- August 25 2023
New Zealand announces US$524m for Auckland post-flood rebuild
The government will contribute up to US$229m or around 50% of the agreed buyout value less insurance payments for houses deemed unlivable.
-
- August 22 2023
AUB announces global restructure as Tysers CEO exits
AUB Group CEO Mike Emmett to become Tysers interim chief executive as the broker seeks to appoint heads of global retail, wholesale broking and underwriting agencies to align Australia, NZ and the UK operations.
-
- August 21 2023
IAG’s FY underwriting profit falls A$292m after nat cat miss
IAG's H2 COR in New Zealand was 111.8% as the insurer was hit by Cyclone Gabrielle and the Auckland floods, as group cat claims at A$1.2bn came in well above its FY 2023 allowance.
-
- August 21 2023
DPL Insurance to sustain underwriting profitability: AM Best
Underwriting results improved over the past five years, with COR reducing to 77.4% in FY 2023 from 96% in FY 2019.
-
- August 17 2023
Perils ups Cyclone Gabrielle insured property losses to over NZ$2bn
The February storm on New Zealand's North Island was cited in several global reinsurers' H1 results as a major claims event.
-
- August 10 2023
QBE posts H1 COR of 98.8% as cat costs bite
Investment result boosts insurer after storms in New Zealand, the US, Australia and Turkey earthquake cause US$164m H1 cat allowance miss.
-
- August 9 2023
Suncorp’s Australia COR improves to 91.3%, deteriorates to 97% in New Zealand
Suncorp misses FY 2023 cat allowance by A$97m after NZ division saw 53% increase in claims; ups allowance to A$1.36bn for FY 2024.
-
- August 9 2023
MGA Delta Insurance hires D&O specialist
Glenn Dawson is based in Auckland and will assume the role of senior underwriter and D&O product manager.
-
- August 4 2023
Perils revises New Zealand floods loss close to NZ$2bn
This latest estimate compares to NZ$1.65bn in its first loss report six weeks after the event.
-
- August 2 2023
Chubb reshuffles senior Asia Pacific P&C leadership
Chris Gough is leading P&C lines in Asia and Hayden Baker has taken over Gough's role as head of P&C for Australia & New Zealand.
-
- August 1 2023
Asia saw ‘double-digit’ D&O price decreases in Q2 as cyber rose 8%: Marsh
Composite insurance pricing in the region was flat as hikes in property and cyber were offset by a decline in casualty and financial and professional lines rates.
-
- July 31 2023
Ben Carey to join Chubb as APAC head of field operations
Carey, who is leaving Everest Insurance, will start the newly created role in Q1 2024 and be based in Singapore.
-
- July 27 2023
Pacific International acquires 5.82% stake in Tower for US$8m
The Australian carrier acquired 22 million shares in the Kiwi general insurer.
