Country: New Zealand Page 18 / 25
-
- October 28 2021
NZ’s P&C stress tests highlight offshore capital reliance
Physical and transition risks from climate change will feature in future tests from the regulator.
-
- October 21 2021
Asia’s cyber market needs to learn its limitations
Systemic attacks on critical infrastructure have been described as "beyond the industry's capacity to insure".
-
- October 20 2021
Gallagher acquires New Zealand broker Matt Jensen
The North Island broker is a specialist in the forestry and transportation industries.
-
- October 12 2021
Cigna APAC deal gives Chubb Korean A&H boost: AM Best
Asia-Pacific to account for 20% of global operations once the acquisition closes.
-
- September 28 2021
NZ regulator takes swipe at credit card insurance
Financial Markets Authority says loss ratios are as low as 10% for the business line compared to 80% for health insurers.
-
- September 27 2021
Delta Insurance appoints NZ liability, specialty manager
Adrian Sweeney will report to Dinesh Murali, CEO of the underwriting agency's NZ operations.
-
- September 24 2021
New Zealand insurers profitable despite nat cats
Report shows wildfires have also contributed to major claims along with heavy rainfall.
-
- September 21 2021
New Zealand’s FMG appoints Suncorp exec as CEO
Adam Heath is set to start on December 20 and is replacing outgoing chief executive Chris Black.
-
- September 14 2021
Hannover Re eyes APAC growth, stable 2022 renewals
The reinsurer says it has achieved and -- in some instances -- outperformed its initial profit targets in the region.
-
- September 9 2021
ICNZ says July storms cost US$87m
The extreme weather event has created over 5,000 claims so far as Covid-related restrictions slow repair work.
-
- September 6 2021
Lockton launches New Zealand operations
Former WTW execs Melanie Harding, Jessica Schade, Niall Martin and Ged McCombie take on leadership roles.
-
- September 2 2021
Australia’s Open raises US$23m amid overseas push
The Sydney-based insurtech plans to launch in New Zealand and the UK by mid-2022.
-
- August 31 2021
New Zealand regulator seeks feedback on policyholder protection
Stakeholders will have until November 15 to submit their views on policyholder protection.
-
- August 12 2021
China’s record floods dominate July’s Asia claims
Aon reports says US$1.7bn of insured losses is highest nat cat payout for the Chinese insurance industry on record.
-
- August 11 2021
New Zealand’s ‘costliest’ tornado leaves a NZ$32m bill
The Insurance Council of New Zealand says NZ$24m of the claims were related to residential property.
-
- August 11 2021
Comsure-WRI merger creates Austbrokers’ fifth-largest entity
The deal combines A$120m in annual GWP and over 70 employees.
-
- July 26 2021
New Zealand seeks feedback on interim insurer solvency standards
Stakeholders will have until October 1, 2021 to share their views with the central bank.
-
- July 22 2021
Canterbury flood claims surpass US$30m
The May 29-June 1 flooding has been described as a ‘one in 200-year event’ by a climate scientist.
-
- July 20 2021
IAG appoints Zurich’s Tim Plant as chief insurance & strategy officer
Justin Delaney to replace Plant as head of Zurich's Australia and NZ general insurance operations.
-
- July 6 2021
Westpac sells NZ life arm to Fidelity Life for NZ$400m
The move follows the bank's recent sale of its Australian P&C unit to Allianz.
