reinsurance
'There are positive signs that there is potential increased competition coming in' to provide new warranty schemes, MBIE manager says, with interest from Australia
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'There are positive signs that there is potential increased competition coming in' to provide new warranty schemes, MBIE manager says, with interest from Australia
Annual reinsurance cover secured by the Natural Hazards Commission up 20% to $12.3 billion
Annual reinsurance cover secured by the Natural Hazards Commission up 20% to $12.3 billion
Insurance Council wants Fire and Emergency Levy replaced by ‘Community Protection Levy’, saying current levy ‘no longer well suited to the risks NZ faces’
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Insurance Council wants Fire and Emergency Levy replaced by ‘Community Protection Levy’, saying current levy ‘no longer well suited to the risks NZ faces’
Reserve Bank says it wants banks to have a much broader sense of insurance coverage across their loan portfolio as emerging insurance pressures ‘indicate financial stability risks may increase’
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Reserve Bank says it wants banks to have a much broader sense of insurance coverage across their loan portfolio as emerging insurance pressures ‘indicate financial stability risks may increase’
Financial stability and insurance: 'Concerns over affordability, climate change, and dependence on global reinsurance mean the situation could change quickly and warrants monitoring,' the Reserve Bank says
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Financial stability and insurance: 'Concerns over affordability, climate change, and dependence on global reinsurance mean the situation could change quickly and warrants monitoring,' the Reserve Bank says
Insurance Council of New Zealand says insights from global reinsurers reinforce message that 'catastrophe risk is increasing in scale and complexity' as it renews call for faster action to keep insurance accessible, protect communities
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Insurance Council of New Zealand says insights from global reinsurers reinforce message that 'catastrophe risk is increasing in scale and complexity' as it renews call for faster action to keep insurance accessible, protect communities
Natural Hazards Commission lays out its long-term investment plans for the Natural Hazards Fund, which has around $670 million
Natural Hazards Commission lays out its long-term investment plans for the Natural Hazards Fund, which has around $670 million
Outgoing Tower chairman Michael Stiassny says NZ has had ‘multiple wake up calls’ and while some progress has been made to address the impacts of extreme weather events, ‘it has been haphazard, inadequate and painfully slow'
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Outgoing Tower chairman Michael Stiassny says NZ has had ‘multiple wake up calls’ and while some progress has been made to address the impacts of extreme weather events, ‘it has been haphazard, inadequate and painfully slow'
Consumer NZ says it expects insurance retreat to impact more areas around New Zealand because of increased flooding, landslides and sea surges
Consumer NZ says it expects insurance retreat to impact more areas around New Zealand because of increased flooding, landslides and sea surges
Insurance affordability and the financial settings are a 'downstream symptom' of increasing risk, Natural Hazards Commission chief executive says, as Southern Response continues to expect new claims
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Insurance affordability and the financial settings are a 'downstream symptom' of increasing risk, Natural Hazards Commission chief executive says, as Southern Response continues to expect new claims
Warranties and insurance: Building and Construction Minister Chris Penk says temporary suspension proposal 'a precautionary tool to avoid the possibility of disruption to the construction sector'
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Warranties and insurance: Building and Construction Minister Chris Penk says temporary suspension proposal 'a precautionary tool to avoid the possibility of disruption to the construction sector'
Government pushes out decision on whether to increase the Natural Hazards Insurance Levy as Finance Minister Nicola Willis says insurance is a major cost-of-living pressure on New Zealanders
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Government pushes out decision on whether to increase the Natural Hazards Insurance Levy as Finance Minister Nicola Willis says insurance is a major cost-of-living pressure on New Zealanders
Tower replacing IAG NZ as Westpac NZ’s general insurance partner ‘strategically important’ in the long-term, Forsyth Barr analysts say
Tower replacing IAG NZ as Westpac NZ’s general insurance partner ‘strategically important’ in the long-term, Forsyth Barr analysts say
Westpac NZ ends insurance partnership with IAG NZ as bank switches to Tower Insurance which will become its underwriter for general insurance products
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Westpac NZ ends insurance partnership with IAG NZ as bank switches to Tower Insurance which will become its underwriter for general insurance products
General insurer Tower secures reinsurance programme for 2026 providing 'greater certainty around future reinsurance costs and catastrophe excesses', its chief executive says
General insurer Tower secures reinsurance programme for 2026 providing 'greater certainty around future reinsurance costs and catastrophe excesses', its chief executive says