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reinsurance

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
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
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
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
[updated]
New Zealand’s current account deficit shrunk to 8.5% of GDP in the first quarter of 2023
14th Jun 23, 11:13am
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New Zealand’s current account deficit shrunk to 8.5% of GDP in the first quarter of 2023
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
by Guest
5
Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems
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
Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders
8th May 23, 10:23am
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Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders
[updated]
Insurance Council says the amounts claimed so far for the Auckland flood and Cyclone Gabrielle have now topped the amounts claimed for the Kaikoura earthquake
4th Apr 23, 12:26pm
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Insurance Council says the amounts claimed so far for the Auckland flood and Cyclone Gabrielle have now topped the amounts claimed for the Kaikoura earthquake
Insurance Council says about $111 million of insurance support has already been paid as part of what will be 'a long recovery' from the Auckland flood, while about 30,000 claims have already been lodged as a result of Cyclone Gabrielle
6th Mar 23, 11:01am
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Insurance Council says about $111 million of insurance support has already been paid as part of what will be 'a long recovery' from the Auckland flood, while about 30,000 claims have already been lodged as a result of Cyclone Gabrielle
Tower lowers annual profit guidance by up to $14 million after North Island weather double whammy
17th Feb 23, 9:38am
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Tower lowers annual profit guidance by up to $14 million after North Island weather double whammy
Insurers are waving the climate change red flag. We all need to pay attention, Rebecca Stevenson says
9th Feb 23, 11:55am
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Insurers are waving the climate change red flag. We all need to pay attention, Rebecca Stevenson says
Auckland flooding to take a financial toll on New Zealand's biggest insurer IAG
7th Feb 23, 9:35am
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Auckland flooding to take a financial toll on New Zealand's biggest insurer IAG
S&P ponders whether price increases can combat 'endless barrage of headwinds' against the reinsurance sector, which struggles to earn its cost of capital
8th Sep 22, 12:38pm
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S&P ponders whether price increases can combat 'endless barrage of headwinds' against the reinsurance sector, which struggles to earn its cost of capital
Government to mull how NZ meets the costs of climate adaptation and invests in resilience, getting advice on flood insurance options
4th Aug 22, 11:35am
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Government to mull how NZ meets the costs of climate adaptation and invests in resilience, getting advice on flood insurance options
Gareth Vaughan says of all the recent criticisms of the RBNZ, the hardest one to understand is the charge that it shouldn't take an interest in climate change
2nd Aug 22, 2:48pm
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Gareth Vaughan says of all the recent criticisms of the RBNZ, the hardest one to understand is the charge that it shouldn't take an interest in climate change
[updated]
Tower CEO Blair Turnbull says reinsurers are questioning their down under exposure, he sees a risk of uninsurable areas in the future
14th Jul 22, 10:37am
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Tower CEO Blair Turnbull says reinsurers are questioning their down under exposure, he sees a risk of uninsurable areas in the future
The RBNZ says its first stress testing of general insurers shows how important the international reinsurance market is to New Zealand
28th Oct 21, 8:06am
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The RBNZ says its first stress testing of general insurers shows how important the international reinsurance market is to New Zealand
Business needs risk cover for pandemics, but insurers have revealed their fine print exclusions denying most cover. There is 'market failure' for cover at a reasonable cost. Is it the taxpayer who needs to cover these risks?
6th Oct 20, 4:55pm
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Business needs risk cover for pandemics, but insurers have revealed their fine print exclusions denying most cover. There is 'market failure' for cover at a reasonable cost. Is it the taxpayer who needs to cover these risks?
Travel insurers face risks and pressures that may mean travelers won't be able to buy travel coverage for a reasonable price in future, creating a Catch-22 for the travel industry generally. Should the taxpayer underwrite the risks?
28th Sep 20, 9:44am
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Travel insurers face risks and pressures that may mean travelers won't be able to buy travel coverage for a reasonable price in future, creating a Catch-22 for the travel industry generally. Should the taxpayer underwrite the risks?
Tower widens half-year loss off the back of storms and disappointing settlement with reinsurer; Risk-based pricing gets underway
29th May 18, 12:56pm
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Tower widens half-year loss off the back of storms and disappointing settlement with reinsurer; Risk-based pricing gets underway
Tower settles dispute with Peak Re; Agreement for it to receive half the reinsurance it was after will see its profit take a $15.2 million hit after tax
1st Mar 18, 7:18am
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Tower settles dispute with Peak Re; Agreement for it to receive half the reinsurance it was after will see its profit take a $15.2 million hit after tax
Munich Re, Swiss Re and Hannover Re to receive 12.5% of IAG's premium income in exchange for paying 12.5% of its claims and expenses; Deal to boost capital and reduce earnings volatility
8th Dec 17, 2:00pm
Munich Re, Swiss Re and Hannover Re to receive 12.5% of IAG's premium income in exchange for paying 12.5% of its claims and expenses; Deal to boost capital and reduce earnings volatility