Country: New Zealand Page 19 / 26
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- December 22 2021
NZ extreme weather claims hit record high
Insurers have paid out US$206m in 2021 so far with home and contents accounting for around two-thirds of the total.
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- December 10 2021
New Zealand’s July storm bill hits US$96m: ICNZ
The association said this figure is a 15% increase from its previous report in September.
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- December 2 2021
AIA appoints former Sun Life president as Asia chief
Leo Grepin will also lead group strategy and corporate development effective January 3.
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- November 30 2021
Lockton New Zealand appoints former WTW exec as CEO
Peter Lowe has joined the global broker in Auckland this week.
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- November 25 2021
New Zealand’s Tower sees net profit climb 72% in FY2021
The frequency of large house claims, predominantly driven by fires, continued to increase in the second half of the year.
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- November 12 2021
HDI Global Specialty focuses on growth after Hannover Re deal
The specialty player has seen premiums grow from around US$1.1bn to US$2.9bn since 2018.
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- November 9 2021
Tower appoints QBE exec as chief claims officer
Steve Wilson is leaving the Australian firm after over five years and joining the New Zealand insurer in January.
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- November 4 2021
Howden expands into New Zealand and appoints MD
René Hattingh, who has worked at Donaldson Brown and Marsh, joins as managing director.
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- November 4 2021
WTW appoints head of New Zealand
Auckland-based Michael Brown has been serving as interim country leader since May.
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- November 4 2021
AMP’s US$391m Resolution Life Australasia stake sale sees life exit
The deal represents a continuing movement away from insurance by Australia's banks.
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- 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.
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- 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".
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- October 20 2021
Gallagher acquires New Zealand broker Matt Jensen
The North Island broker is a specialist in the forestry and transportation industries.
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- 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.
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- 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.
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- 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.
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- September 24 2021
New Zealand insurers profitable despite nat cats
Report shows wildfires have also contributed to major claims along with heavy rainfall.
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- 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.
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- 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.
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- 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.
