Insurance
Tower CEO Blair Turnbull says the insurer wants to be competitive and affordable with its pricing – as gross written premium jumps 21% in four months
22nd Feb 24, 7:08am
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Tower CEO Blair Turnbull says the insurer wants to be competitive and affordable with its pricing – as gross written premium jumps 21% in four months
Tower’s CEO says insurer’s gross written premium up 21% in four months, expects full-year profit to be upper end of or exceed guidance of $22m to $27m
21st Feb 24, 11:27am
Tower’s CEO says insurer’s gross written premium up 21% in four months, expects full-year profit to be upper end of or exceed guidance of $22m to $27m
IAG New Zealand's Amanda Whiting says 19% gross written premium growth to more than $2b is ‘pretty significant’ but doesn’t expect growth to continue at same rate
17th Feb 24, 8:45am
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IAG New Zealand's Amanda Whiting says 19% gross written premium growth to more than $2b is ‘pretty significant’ but doesn’t expect growth to continue at same rate
IAG New Zealand’s gross written premium leaps 18.8% and insurance margin rises to 20.8%
16th Feb 24, 11:15am
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IAG New Zealand’s gross written premium leaps 18.8% and insurance margin rises to 20.8%
Climate disasters haven’t shrunk Munich Re’s risk appetite but the reinsurance giant says industry level change is needed to combat growing number of climate crisis events
9th Feb 24, 9:00am
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Climate disasters haven’t shrunk Munich Re’s risk appetite but the reinsurance giant says industry level change is needed to combat growing number of climate crisis events
The Earthquake Commission knew David Seymour was the new Minister responsible for EQC and Southern Response but Seymour's office thought it was someone else
2nd Feb 24, 3:54pm
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The Earthquake Commission knew David Seymour was the new Minister responsible for EQC and Southern Response but Seymour's office thought it was someone else
NZIER says barriers to climate adaptation investment need to be addressed while resilience investment needs to be incentivised
30th Jan 24, 1:31pm
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NZIER says barriers to climate adaptation investment need to be addressed while resilience investment needs to be incentivised
Simon Watts says the Government is ‘moving at pace’ to get adaption framework underway as insurers reflect on last year’s North Island flooding disasters
27th Jan 24, 9:35am
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Simon Watts says the Government is ‘moving at pace’ to get adaption framework underway as insurers reflect on last year’s North Island flooding disasters
Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
12th Dec 23, 9:35am
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Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
Tower hires Goldman Sachs as it kicks off review of its ownership structure
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
23rd Nov 23, 11:00am
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Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
IAG says it has paid out more than $1 billion in insurance claims for the North Island floods & Cyclone Gabrielle
20th Nov 23, 10:49am
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IAG says it has paid out more than $1 billion in insurance claims for the North Island floods & Cyclone Gabrielle
[updated]
Insurer Vero cops $3.9 million fine for not applying multi-policy discounts to customers
12th Oct 23, 11:10am
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Insurer Vero cops $3.9 million fine for not applying multi-policy discounts to customers
Prudential arrangements for insurance companies likely to involve more reserves set aside to meet RBNZ rules
28th Sep 23, 10:08am
Prudential arrangements for insurance companies likely to involve more reserves set aside to meet RBNZ rules
IAG encourages customers whose properties were hardest hit by extreme weather earlier this year 'to reside elsewhere'
20th Sep 23, 7:36pm
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IAG encourages customers whose properties were hardest hit by extreme weather earlier this year 'to reside elsewhere'
[updated]
Five life insurers participating in first RBNZ stress test of their sector all able to remain solvent
8th Aug 23, 12:49pm
Five life insurers participating in first RBNZ stress test of their sector all able to remain solvent
Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September
19th Jul 23, 10:11am
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Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September
Insurance Council says a little over a third of claims have so far been paid out for the twin weather events early this year; warns some claims could take over a year to settle
22nd Jun 23, 10:34am
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Insurance Council says a little over a third of claims have so far been paid out for the twin weather events early this year; warns some claims could take over a year to settle
Mother Nature may always win but we can prepare for and respond to extreme weather more innovatively and realistically, Tower's Blair Turnbull says
13th Jun 23, 1:37pm
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Mother Nature may always win but we can prepare for and respond to extreme weather more innovatively and realistically, Tower's Blair Turnbull says
Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems
12th Jun 23, 12:36pm
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Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems
[updated]
FMA files court proceedings against AA Insurance for allegedly overcharging tens of thousands of customers
8th Jun 23, 11:27am
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FMA files court proceedings against AA Insurance for allegedly overcharging tens of thousands of customers
The total cost of buying flood risk homes could be $1 billion but critical details still awaited
1st Jun 23, 5:23pm
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The total cost of buying flood risk homes could be $1 billion but critical details still awaited
How Quashed wants to make insurance easy for New Zealanders. And cheaper.
Tower posts half-year loss, won't pay interim dividend, says it has strong reinsurance cover
25th May 23, 10:42am
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Tower posts half-year loss, won't pay interim dividend, says it has strong reinsurance cover
Banks offering cash to borrowers taking out house insurance with, and sometimes without, their home loans
20th May 23, 9:17am
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Banks offering cash to borrowers taking out house insurance with, and sometimes without, their home loans
