Country: New Zealand Page 16 / 21
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- December 29 2020
RCEP to comprise 25% of global premiums
Asian trade deal will come into force in 2021 and boost premiums by US$9.6bn by 2030.
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- December 16 2020
Partners Life buys NAB’s New Zealand life business for US$206m
Another Australian lender exits the life market.
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- December 8 2020
Marsh’s New Zealand and Pacific specialty leads to swap roles
Josh Roach and Marcus Pearson will make the moves.
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- December 3 2020
RBNZ accuses Pacific International of ‘further’ breaches
New Zealand regulator escalates its response to ongoing compliance failures.
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- November 24 2020
Tower agrees US$29.5m settlement with EQC
The compromise ends almost a decade of uncertainty for shareholders.
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- November 23 2020
New Zealand’s Ohau fire claims surpass US$24m
It was one of the largest wildfires in the country's history.
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- November 17 2020
2019 Timaru hailstorm losses soar to US$117m: ICNZ
As the first year anniversary approaches, the claims bill is a significant increase over previous figures.
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- October 30 2020
“Warmer-than-average” NZ summer to heighten cyclone activity
The market is hoping there won't be a repeat of the losses incurred in the 2017/18 storm season.
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- October 26 2020
Asta-backed Lloyd’s syndicate-in-a-box targets US$25m GWP
It will start placing business in January and is aimed at mutuals in Australia and New Zealand.
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- October 23 2020
Suncorp’s Johnston keen to “capitalise on opportunities”
CEO hails firm's "strong fundamentals" at an investor presentation, despite the pandemic.
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- October 23 2020
NAB looks to offload NZ life arm as market exodus continues
The Australian lender's BNZ Life is back on the chopping block.
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- October 22 2020
McLarens’ Panes: Claims handling during pandemic “admirable”
The HK-based APAC COO speaks on regional expansion and adaptation.
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- October 15 2020
Jimmy Higgins selected as Suncorp’s New Zealand CEO
He has been at the firm for 12 years.
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- October 7 2020
McLarens continues global adjusters’ APAC expansion
New Zealand deal is the latest in the region to build on local networks and expertise.
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- October 6 2020
RBNZ recommences Insurance Act review
The long-planned review was postponed again this March due to pandemic interruptions.
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- October 5 2020
IAG’s incoming CEO to simplify and refocus as challenges mount
Nick Hawkins has his work cut out, but the new leader has a battle plan.
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- October 2 2020
McLarens secures major acquisition in New Zealand
The deal will significantly expand the global loss adjuster's operations in the Pacific.
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- September 23 2020
Covid-19 to sustain “adverse” market effects
There will be ongoing pressure on premiums and claims according to consultant Taylor Fry.
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- September 16 2020
Flood claims in NZ approach US$50m from two events
Payouts for July's Northland floods have already exceeded February's Southland disaster.
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- September 7 2020
2,000 unresolved claims 10 years after Canterbury earthquakes
Overall payouts have climbed over US$20bn.
