Country: New Zealand Page 2 / 33
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- July 1 2026
Pricing is converging towards technical adequacy at 1.7, not overshooting it: Gallagher Re
Relatively late renewal saw market dynamics in Australia and New Zealand continuing to favour buyers with loss free cat layers recording up to 17.5% reduction, alongside improved commissions.
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- June 30 2026
Cedents secure rate cuts, better terms, structural improvements at 1.7: Howden Re
Assertive buyers, abundant capacity, benign loss experience and consolidation contribute to 10-15% rate reductions on loss-free business.
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- June 30 2026
New Zealanders lose faith in climate risk management as insurance costs bite: poll
Over 60% of New Zealanders say the government should prioritise reducing climate risks to help bring down insurance costs.
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- June 29 2026
Marsh New Zealand promotes Gabe Money to risk consulting leader
Auckland-based Money, who joined Marsh in February 2022, will lead the risk consulting team in delivering tailored risk management solutions.
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- June 26 2026
Buyer-friendly renewals persist at 1.7 as soft market signs mount, but reinsurers signal pricing floor
Rate reductions of 10–15% on loss-free business, with deeper cuts in some cases, as terms and conditions hold firm, industry insiders told InsuranceAsia News.
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- June 23 2026
Tower promotes Dan Walker to chief claims officer
He replaces Steve Wilson, who stepped down and returned to Australia.
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- June 17 2026
Brokers back fire levy review, call insurance funding model an ‘unfair burden’
Insurance Council of New Zealand chief executive Kris Faafoi also says the latest review is a timely and positive step toward ensuring the long-term sustainability of a critical public service.
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- June 14 2026
New Zealand’s NHC grows reinsurance program to record US$7.3bn
The expanded limit reflects the strong confidence of the international reinsurance market in the agency, according to NHC CEO Tina Mitchell.
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- June 10 2026
IAG warns New Zealand’s ‘piecemeal’ approach to natural hazards is unsustainable
Insurer has identified 42 gaps in the current nat cat resilience effort and proposed a 15-year roadmap to strengthen the country's risk reduction strategy.
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- June 5 2026
ICA, ICNZ formally join forces to strengthen community resilence, confidence
- Industry associations
- Australia
- Strategy
- Insurance Council of Australia
- Insurance Council of New Zealand
Resilient Insurance Markets Initiative formalises what has been an informal trans-Tasman relationship into a structured, bilateral commitment.
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- June 5 2026
Allianz Partners to acquire nib’s Australia, New Zealand travel portfolio
Deal marks Allianz Partners' expansion into the offline travel distribution channel in Australia.
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- June 3 2026
ICNZ wants fire and emergency levy scrapped, replaced with disaster prevention funding
Insurance Council of New Zealand (ICNZ) says reforms could redirect over US$355m a year into disaster prevention projects.
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- June 2 2026
PSC Insurance Brokers New Zealand promotes Carol Cooper to head of personal lines
Auckland-based Cooper joined PSC in December 2022, most recently as team leader for personal lines.
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- May 29 2026
Marsh Risk promotes ex-first-class cricketer David Wigley up the order
Auckland-based Wigley was previously the national growth leader since March 2024.
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- May 28 2026
Zurich New Zealand hires Alan James as head of distribution
He joins from AIG, where he spent 17 years holding roles in London, Singapore and Auckland.
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- May 25 2026
Tower elevates Michael Skeens to chief operating officer
Former customer contact centre head will be responsible for leading the Kiwi insurer's operational hubs, teams, systems and processes.
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- May 21 2026
Tower’s NPAT falls 40.3% in H1 FY26 amid price softening, weather claims
Gross written premium was up 1% from H1 FY25 due to lower average premiums and growth of low risk properties.
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- May 18 2026
Kiwi broker Rothbury appoints Aon veteran Charlene Kitching as head of broking services
Role, which will see Kitching work from Rothbury’s Tauranga office, was created following a review of business operations.
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- May 15 2026
Delta Insurance New Zealand hires Petr Dorofeev as tech, cyber product lead
He joins the MGA in Auckland from Suncorp.
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- May 11 2026
New Zealand’s Natural Hazard Commission receives almost 200 claims following April storms
Commission says 66% of claims were related to landslide damage, with 34% related to storm and flood damage.
