Country: New Zealand Page 24 / 25
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- June 24 2019
New Zealand oil drilling cover could rocket
Analysis suggests an oil spill in the Taranaki basin could cost as much as NZ$926m (US$610.4m).
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- June 10 2019
AGCS reviews portfolios in Australia and New Zealand
Allianz Global Corporate & Specialty is reviewing long-tail business in Australia, and all lines in New Zealand.
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- June 6 2019
New Zealand secures US$4bn reinsurance deal
The cover is for the state run Earthquake Commission programme.
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- May 29 2019
Allianz drops business lines in New Zealand
The New Zealand market is becoming tougher.
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- May 22 2019
New Zealand’s Tower bounces back to profit
Turnaround comes after four years of hard work for the country's third largest P&C firm.
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- May 14 2019
CBL Insurance’s owner placed into liquidation
CBL Corporation withdrew opposition to the filing on May 13.
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- May 13 2019
Cyber cover ramps up in Australia and New Zealand
More than a third of firms in the two countries have taken out cyber protection, according to BDO.
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- May 8 2019
Wellington’s mayor calls price hike summit
Expected negative price changes are worrying Wellington's residents.
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- April 10 2019
NAB seeks New Zealand life arm exit: report
National Australia Bank could be the latest Aussie firm to exit the market.
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- April 5 2019
New Zealand researches quake warning system
Earthquake Commission funding research that could save many lives.
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- April 1 2019
Failed New Zealand insurer yet to pay creditors
CBL, owner of New Zealand's former largest credit insurer, owes around US$118m to creditors.
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- February 11 2019
New Zealand battles worst bushfire for 60 years
Thousands forced to evacuate on South Island after worst wildfire since 1955.
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- December 11 2018
Gallagher’s buying spree continues with aviation broker
Purchase of specialist broker Boston Marks Group further expands Gallagher's global footprint.
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- December 3 2018
Singapore regulator reviewing life agents’ compensation: report
Scrutiny of incentives and commissions is being stepped up across the region.
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- November 29 2018
Tower falls to consecutive full-year loss
Troubled New Zealand insurer is edging back towards profitability.
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- November 21 2018
IAG and Suncorp welcome climate initiatives
The two insurers are taking steps to tackle climate change and improve energy efficiency.
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- November 19 2018
Approval granted for Cigna’s ANZ acquisition in New Zealand
Regulator has approved deal to buy ANZ's life business OnePath.
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- November 13 2018
Auckland High Court places insurer into liquidation
Restructure attempts fail meaning court hearing is abandoned for CBL Insurance.
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- July 3 2018
AIA completes deal for CBA’s NZ life insurance business
The net cash outlay by AIA is expected to be less than US$500m after the reinsurance arrangement.
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- May 31 2018
ANZ New Zealand sells OnePath Life to Cigna
The NZ$700m (US$484m) is part of the Australian company’s efforts to simplify its operations.
