Days to the General Election: 19
See Party Policies here. Party Lists here.

reinsurance

28th Sep 20, 9:44am
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?
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
[Updated]
29th May 18, 12:56pm
Tower widens half-year loss off the back of storms and disappointing settlement with reinsurer; Risk-based pricing gets underway
[Updated]
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
1st Mar 18, 7:18am
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
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
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
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
6th Dec 17, 11:31am
Insurers suffer record losses due to weather events in 2017, but recoup some of these through premium hikes; Reinsurers remain committed to New Zealand
Insurers suffer record losses due to weather events in 2017, but recoup some of these through premium hikes; Reinsurers remain committed to New Zealand
6th Dec 17, 11:31am
13th Sep 17, 7:31am
With a strong economy, modest insurance premium increases, and the EQC Act review set to benefit insurers, S&P says quakes and cyclones aren't deterring reinsurers from the NZ market
With a strong economy, modest insurance premium increases, and the EQC Act review set to benefit insurers, S&P says quakes and cyclones aren't deterring reinsurers from the NZ market
13th Sep 17, 7:31am
13th Jul 17, 8:58am
CBL to buy 40% of Allied Risk Holdings, with the Allied management coming on board with CBL in Europe
CBL to buy 40% of Allied Risk Holdings, with the Allied management coming on board with CBL in Europe
13th Jul 17, 8:58am
24th May 17, 2:53pm
Tower gets $30 million cash advance from BNZ as quake costs see it only $5 million away from breaching the RBNZ solvency requirements
Tower gets $30 million cash advance from BNZ as quake costs see it only $5 million away from breaching the RBNZ solvency requirements
24th May 17, 2:53pm
29th Apr 17, 6:02am
EQC levies may be affected by changes to disaster fund set to be announced after drawn-out review, Joyce says; Flags changes to reinsurance excess, operational detail
EQC levies may be affected by changes to disaster fund set to be announced after drawn-out review, Joyce says; Flags changes to reinsurance excess, operational detail
29th Apr 17, 6:02am
13th Feb 17, 12:19pm
Tower Chairman says the company would have a higher sale price if the EQC system wasn't 'broken'; Government says the law has nothing to do with the risk the insurer takes on
Tower Chairman says the company would have a higher sale price if the EQC system wasn't 'broken'; Government says the law has nothing to do with the risk the insurer takes on
13th Feb 17, 12:19pm
[Updated]
6th Feb 17, 7:37am
A court document reveals Tower has $6 million at stake in its legal battle with EQC over land damage; Question marks remain over why there are still $51 million of EQC recoveries in dispute
[Updated]
A court document reveals Tower has $6 million at stake in its legal battle with EQC over land damage; Question marks remain over why there are still $51 million of EQC recoveries in dispute
6th Feb 17, 7:37am
2nd Dec 16, 12:02pm
IAG's chief risk officer believes Wellingtonians will soon stop being subsidised by insurance policyholders in other parts of the country for living in a quake hotspot
IAG's chief risk officer believes Wellingtonians will soon stop being subsidised by insurance policyholders in other parts of the country for living in a quake hotspot
2nd Dec 16, 12:02pm
[Updated]
15th Nov 16, 12:51pm
Tower confident it has enough reinsurance so the North Canterbury quakes won't set it back more than $7.2m; Share price falls as its investors wary 2010/11 quake hangover remains
[Updated]
Tower confident it has enough reinsurance so the North Canterbury quakes won't set it back more than $7.2m; Share price falls as its investors wary 2010/11 quake hangover remains
15th Nov 16, 12:51pm
8th Nov 16, 9:07am
Lloyd's of London urges the Government to remove some uncertainties from the NZ insurance market by getting on with the EQC Act review and making data breach reporting mandatory
Lloyd's of London urges the Government to remove some uncertainties from the NZ insurance market by getting on with the EQC Act review and making data breach reporting mandatory
8th Nov 16, 9:07am
[Updated]
3rd Nov 16, 8:31am
IAG NZ buys $900 million of extra reinsurance as its Canterbury earthquake bill keeps growing
[Updated]
IAG NZ buys $900 million of extra reinsurance as its Canterbury earthquake bill keeps growing
3rd Nov 16, 8:31am
31st Oct 16, 9:08am
NZ economy vulnerable to risk of reinsurers charging insurers a premium for uncertainty caused by delayed EQC Act review
NZ economy vulnerable to risk of reinsurers charging insurers a premium for uncertainty caused by delayed EQC Act review
31st Oct 16, 9:08am
27th Oct 16, 7:36am
EQC Act review stalled by 'the complexity of the issues and ongoing engagement with insurance industry stakeholders', Treasury says
EQC Act review stalled by 'the complexity of the issues and ongoing engagement with insurance industry stakeholders', Treasury says
27th Oct 16, 7:36am
14th Sep 16, 11:47am
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
14th Sep 16, 11:47am
[Updated]
12th Sep 16, 2:10pm
AA Insurance assures premiums to stay the same, as it moves from sum insured to full home replacement for fire, flood and storm damage
[Updated]
AA Insurance assures premiums to stay the same, as it moves from sum insured to full home replacement for fire, flood and storm damage
12th Sep 16, 2:10pm
[Updated]
8th Sep 16, 11:51am
Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low
[Updated]
Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low
8th Sep 16, 11:51am
5th Aug 16, 3:29pm
Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors
Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors
5th Aug 16, 3:29pm
[Updated]
26th Jul 16, 4:12pm
Government throws another $250m at Southern Response without calling anyone to account for what's likely to be NZ's largest bailout, costing taxpayers much more than expected
[Updated]
Government throws another $250m at Southern Response without calling anyone to account for what's likely to be NZ's largest bailout, costing taxpayers much more than expected
26th Jul 16, 4:12pm
[Updated]
26th Jul 16, 9:48am
The Medical Insurance Society calls on cash from its parent, as it exhausts reinsurance cover for the February 2011 Canterbury earthquake, and is left to foot nearly a quarter of the bill on its own
[Updated]
The Medical Insurance Society calls on cash from its parent, as it exhausts reinsurance cover for the February 2011 Canterbury earthquake, and is left to foot nearly a quarter of the bill on its own
26th Jul 16, 9:48am
[Updated]
19th Jul 16, 9:43am
Tower's CFO resigns; Ratings agency red flags concerns over the company's 'financial profile deteriorating' as its reinsurance for the Feb 2011 Canterbury quake runs dry and it's left to fend for itself
[Updated]
Tower's CFO resigns; Ratings agency red flags concerns over the company's 'financial profile deteriorating' as its reinsurance for the Feb 2011 Canterbury quake runs dry and it's left to fend for itself
19th Jul 16, 9:43am
31st May 16, 3:53pm
An update on what's been going down in the insurance industry this week: Tower shareholders appear jittery; Suncorp launches Tinder-like app; Partners Life gets $200m boost; Delta extends level of cyber security cover available in NZ
An update on what's been going down in the insurance industry this week: Tower shareholders appear jittery; Suncorp launches Tinder-like app; Partners Life gets $200m boost; Delta extends level of cyber security cover available in NZ
31st May 16, 3:53pm

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Days to the General Election: 19
See Party Policies here. Party Lists here.