Country: New Zealand Page 23 / 26
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- May 29 2020
Australia and New Zealand nat cat bill shoots to US$3.5bn
Insurers are still dealing with multiple recent disasters alongside Covid-19.
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- May 26 2020
Tower Insurance to simplify corporate structure
Three companies are to amalgamate under one entity.
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- May 13 2020
Dual’s Coates to concentrate on APAC expansion drive
Following the completion of a time consuming court case last year, the MGA is on the acquisition trail.
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- May 13 2020
Peacock steps up as Zurich reorganises senior Asia team
The company's commercial APAC division will be managed as two separate regions.
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- May 11 2020
Five years on: Asia’s lessons from Nepal’s 2015 earthquake
Much more effort is required to build nat cat resiliency according to Aon, Munich Re and RMS.
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- May 7 2020
Damien Coates hails Dual’s first APAC buy
The New Zealand purchase could be the first of several acquisitions.
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- May 5 2020
Tower selects former AIA and Aviva exec as CEO
Blair Turnbull has had plenty of digital experience.
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- April 21 2020
Motor claims in New Zealand drop by 90%
National insurers will save around US$60m and hand back premiums.
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- April 3 2020
ICNZ welcomes Covid-19 regulatory extensions
Key financial reforms will be delayed until 2021.
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- March 19 2020
New Zealand’s SkyCity secures US$50m fire payout
Money expected to arrive over April with Chubb understood to be the lead insurer.
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- March 3 2020
Timaru hailstorm was NZ’s third costliest nat cat in 100 years
The November storm will cost insurers over US$50m in a nat cat heavy Q4.
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- January 20 2020
Zurich appoints two senior execs in Australasia
The firm has made one internal switch and a hire from IAG in claims and underwriting.
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- December 18 2019
Collapsed CBL racks up additional charges
New Zealand's Fraud Office and Financial Markets Authority accuse the firm of serious wrongdoing.
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- December 11 2019
CEO to step down from New Zealand’s Tower
Richard Harding will return to Australia in the new year.
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- December 10 2019
New Zealand’s market hit by volcano, landslide and floods
A large volume of claims are expected over the next few weeks and months.
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- November 27 2019
Munich Re promotes Nicolas Carro to Australasia L&H CEO
The reinsurer's Australasia CFO will take up the role in the new year.
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- November 26 2019
Tower in US$45m dispute with Earthquake Commission
The New Zealand P&C player has a disagreement over the allocation of property damage.
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- November 12 2019
Tower’s CEO says New Zealanders’ don’t trust carriers
New Zealand's Reserve Bank to conduct a review of the Insurance Act next year.
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- November 4 2019
CBL to delist as shareholders file lawsuit
Legal action follows the collapse of the firm last year.
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- October 31 2019
US giant could be on hook for Auckland fire: report
Three insurers, including Chubb, have been reported as behind the coverage for the burnt convention centre.
