Country: New Zealand Page 17 / 26
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- September 20 2022
‘Solid’ premium growth to offset claims’ inflation for New Zealand P&C carriers: S&P
The market's average combined ratio to remain in the 87-90% range over the next three years.
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- September 19 2022
Steadfast New Zealand taps PSC exec as broker services manager: report
Christine Martin will join Steadfast on September 19.
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- September 16 2022
New Zealand on course for record extreme weather claims after US$26m July hit
Total claims at the end of July were US$147m, compared to US$195m in the whole of 2021, according to the ICNZ.
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- September 14 2022
Rising cat claims force APAC governments to partner reinsurers: S&P
Government-backed cat pools and widening agri cover are seen as ways to maintain affordability.
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- September 7 2022
FM Global’s James Thompson becomes APAC leader as trio promoted
Tan Hian Hong and Andrew Stafford also handed senior operational roles.
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- September 6 2022
McLarens New Zealand rejigs senior roles
Danie Keyser has been promoted as head of specialist services and Tim Head has been named northern regional manager.
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- September 5 2022
Chubb’s David Morrow relocates to New Zealand as head of P&C
The former head of Japan P&C is also responsible for financial lines in his new role.
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- September 2 2022
Dual promotes Michael Ussher to Asia Pacific deputy CEO
The MGA has also appointed Jane Cullen as CIO for APAC.
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- August 26 2022
QBE veteran to take reins at 360 Underwriting Australia
Jason Clarke is set to join as CEO at the Lloyd's coverholder and specialty MGA in November.
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- August 24 2022
Unprecedented rise in need to place risks internationally: AUB Group CEO
AUB saw 22.2% profit growth in FY 2022 as M&A and rising GWP drove Australia revenues, but NZ earnings hit by BWRS challenges.
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- August 23 2022
Specialty MGA Delta handed favourable AM Best review
Delta is one of the first MGAs to be reviewed by a rating agency.
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- August 22 2022
‘Significant’ volume of claims expected from NZ flooding: McLarens
'Landslides, road closures, wastewater overflows and water supply challenges reported across South Island'.
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- August 19 2022
Hundreds of homes at risk as ‘one-in-100-year’ flood hits NZ’s South Island
Extreme weather insured losses were US$123m in the first six months of 2022.
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- August 12 2022
IAG places ‘largest’ nat cat allowance as underwriting profit falls 5%
Weather claims "more than doubled" in FY 2022 across Australia and New Zealand.
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- August 8 2022
BHSI launches Australasia commercial hull line with ex-QBE hire
Jake Hesson will help expand the specialty player's marine product portfolio.
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- August 8 2022
Suncorp’s profits fall 34% on nat cats amid US$1.7bn of reinsurance recoveries
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
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- August 4 2022
New Zealand’s climate plan urges development of home flood insurance
The country’s first climate adaptation document wants to address affordability of cover.
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- August 1 2022
BHSI boosts Australasia transactional liability team with hire from Liberty
Nicholas Ferrari takes up a senior position and will continue to be based in Sydney.
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- July 22 2022
Chubb promotes Christian Falkingham to head of major accounts, Australia & New Zealand
Falkingham will report to Chris Gough, Chubb's head of property & casualty, Australia & New Zealand.
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- July 19 2022
New Zealand insurtech Javlyn raises US$4.5m, eyes ASX listing: report
The new capital will enable Javlyn to expand its presence in Australia and Asia Pacific.
