Country: New Zealand Page 14 / 26
-
- May 5 2023
Swiss Re Asia 1.4 renewal premiums grow 25%
The reinsurer booked US$171m in New Zealand Q1 cat losses, says "a continuation of related costs seems unlikely at the moment'.
-
- May 4 2023
New Zealand mulls ban on rebuilding ‘high-risk’ properties as cat claims surge
IAG deals with a record 46,000 summer claims as government spends US$400m on Cyclone Gabrielle clean-up costs.
-
- May 3 2023
New Zealand flood losses rise to US$1.08bn: Perils
The figure relating to the North Island event is a 6% increase from the initial loss estimate of US$1.03bn.
-
- May 2 2023
Canopius strengthens Australia treaty team with Aspen Re hires
The Lloyd's (re)insurer has hired Andrew Parker as head of treaty for Australia and New Zealand and Paul Wedlock as head of property treaty for the region, who are also joined by casualty underwriter Peter Mattei.
-
- April 27 2023
MGAs see ‘flight to quality’ in Asia amidst market hardening
Following the 1.1 renewals, sourcing capacity is becoming harder but niche players may still have an edge.
-
- April 26 2023
Aon names Paul Grasso head of treaty, Australia and New Zealand
The broker's former head of property is part of the Reinsurance Solutions team and is based in Sydney.
-
- April 24 2023
Tower to sustain underwriting profits despite nat cat events: AM Best
The majority of the gross cost involved with weather events was absorbed by its catastrophe excess-of-loss reinsurance treaty.
-
- April 24 2023
Kiwi broker Donaldson Brown appoints first CEO
Stefan Azzopardi has joined from health and pet insurer Southern Cross Health Society, where he was chief finance and risk officer.
-
- April 20 2023
New Zealand EQC targeting US$155m cat bond offering in Singapore
The first ILS offering by the commission will have a four-year term and provide multi-peril cover.
-
- April 14 2023
ICNZ chief questions proposal to hike fire service levy
Fire and Emergency New Zealand has proposed a 12.8% increase in the levy on insurance policies to cover a funding shortfall.
-
- April 13 2023
New Zealand nat cat claims set new record for 2022: ICNZ
At US$218m, it is the third consecutive year a new record has been set, with 2023 already surpassing the total from January and February events alone.
-
- April 13 2023
McLarens New Zealand brings financial lines specialist to its fold
Casualty and Professional Services' team led by Jeff Stagg will join the loss adjuster on April 17.
-
- March 31 2023
Cyclone Gabrielle initial losses at US$940m: Perils
This is substantially higher than ICNZ data which came out a week ago at US$555.3m.
-
- March 24 2023
Tower taps APRA for new chief risk officer
Sharyn Reichstein, who was a general manager at the Australian regulator, will join the Kiwi carrier in July.
-
- March 24 2023
Marsh McLennan appoints Josh Roach as New Zealand CEO
The new role will be in addition to his current responsibilities as Marsh New Zealand CEO.
-
- March 23 2023
Cyclone Gabrielle claims reach US$558m: ICNZ
Hawke's Bay accounts for more than half of the total value at US$302m despite having a third of the total 40,000 claims.
-
- March 16 2023
Honan snaps up New Zealand’s Certus Insurance Brokers
Certus has 15 employees operating across offices in central and regional Auckland and is part of the NZbrokers network.
-
- March 15 2023
Auckland floods initial loss estimate is over US$1bn: Perils
The unprecedented event is labelled as the largest weather-related insurance industry loss historically for New Zealand.
-
- March 9 2023
Delta Insurance New Zealand and Delta Property to merge
Delta Property MD Andrew Beaton is set to become CEO of Delta Insurance New Zealand under the new structure.
-
- March 8 2023
New Zealand P&C insurers staring at weaker earnings season: S&P Global
Kiwi's carriers have adequate capital buffers despite two Q1 mega weather events which will contribute to rising reinsurance costs.
