Country: New Zealand Page 21 / 26
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- February 22 2021
Tower acquires ANZ portfolio for US$10m
The deal will add around US$30m in GWP to the Kiwi P&C player.
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- February 3 2021
Sedgwick acquires New Zealand building consultancy
Thurlow Consulting Engineers will give the loss adjuster in-house engineering and construction expertise.
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- February 2 2021
Aon/WTW: FMG warns of ‘severely constrained’ market
Reinsurance flagged to NZCC as potential antitrust concern amid Willis Re divestiture speculation.
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- January 13 2021
Former Tower CEO joins Australian state insurer icare
Richard Harding acknowledges need to restore public confidence at the embattled firm.
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- January 6 2021
WTW appoints Australasia head of financial lines
Former Marsh executive Lee Garvey is set to relocate from Singapore to Australia.
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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.
