Country: New Zealand Page 7 / 25
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- February 28 2024
Marsh appoints Jason Howard as finpro risk management leader for Pacific
Sydney-based Howard will assume the new role in addition to his current position of chief client officer finpro - Pacific.
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- February 26 2024
Suncorp’s H1 net profit up 5.4% on strong consumer business growth, investment gains
Its first-half GWP rose 16%, while COR edged up 95.7%. CEO Steve Johnston expects inflation to remain a challenge this year.
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- February 22 2024
Dual names new head of liability for New Zealand
Stewart Eaton, who was most recently senior underwriter for the specialty MGA, will start in the role on April 15.
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- February 21 2024
Tower Insurance forecasts improvement in COR to 95-97% for FY 2024
The Kiwi carrier’s four-month GWP for the current fiscal year is up 21% to US$120m on rating increases. Its combined ratio will likely improve from 101% in FY2023.
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- February 21 2024
PSC Insurance upgrades full-year guidance after 39% rise in H1 bottom line
The Melbourne-based global broking group saw strong performance in its distribution business in Australia, offsetting the small decline recorded by its existing UK business.
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- February 20 2024
IAG New Zealand CEO tells Kiwis to stop building homes in dumb places: report
The country’s largest insurer said that properties built in high-risk areas may see higher-than-average premium increases.
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- February 20 2024
Australia’s competition tribunal greenlights Suncorp’s US$3.2bn bank sale to ANZ
After the deal, which is now expected to be completed by mid-2024, Suncorp will remain a dedicated insurance group headquartered in Brisbane.
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- February 16 2024
Perils hikes Cyclone Gabrielle final loss estimates to US$1.32bn
The total loss from New Zealand's twin weather events last year has reached US$2.7 billion with Auckland floods costing more at US$1.36bn.
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- February 16 2024
IAG’s H1 2024 underwriting profit up 24% to US$211m , COR improves to 92.8%
The insurer's GWP grew 12.5% on premium increases and strong New Zealand business, but its net profit fell 13% year-on-year.
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- February 15 2024
Tower revises full year earnings guidance upwards on strong trading results
The Kiwi insurer expects underlying net profit to be at the upper end or exceed previous target of NZ$22-NZ$27 million.
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- February 15 2024
Dual NZ hires QBE veteran Arlene Oliver as senior underwriter
Oliver was acting Wellington manager and senior underwriter for the Australian insurer prior to this move.
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- February 9 2024
New Zealand bans ‘forever chemicals’ in cosmetic products from 2027
The decision puts the spotlight on exclusions to claims from exposure to PFAS, which as IAN reported recently has yet to find many takers in Asia Pacific.
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- February 9 2024
WTW expands Australasia fac team with Guy Carpenter hire
Sydney-based Michael Lazarus will join the broker's facultative team in Australasia as associate director
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- February 8 2024
Marsh elevates Craig Claughton to finpro chairman for Pacific
Sydney-based Claughton was most recently head of financial and professional lines for the broker.
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- February 7 2024
Australian MGA Market Lane expands into New Zealand
The new entity will initially trade as The Barn and will be led by the country head Kelsey Craver and senior underwriter Sarah Skelton.
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- February 6 2024
Berkley Re names treaty manager for Australia & New Zealand
Sydney-based Heath Sinclaire will enhance the firm's relationships with cedents and brokers, focusing on the casualty reinsurance sector.
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- February 2 2024
Perils raises Auckland floods insured loss estimate to NZ$2.2bn
Nearly 70% of the property loss was from personal lines, according to the loss aggregator's final tally, which is 12% higher than its August 2023 estimate.
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- January 30 2024
Adrian Sweeney returns to Zurich as New Zealand general manager
After departing from MGA Delta Insurance two years ago, Auckland-based Sweeney rejoins the global insurer where he had worked for over 20 years.
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- January 30 2024
Delta hires underwriting operations manager in New Zealand
Auckland-based Simone Batty will establish streamlined processes and standards across a growing team, helping customers and brokers engage with the business.
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- January 25 2024
Cover-More names Australia and New Zealand COO
In his new role, Sydney-based Nick Slessor will lead the company's Australia and New Zealand strategic delivery, customer service and claims functions.
