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solvency

RBNZ seeks feedback on introducing an insurance policyholder guarantee scheme to pay out claims in the event of an insurer failing
31st Aug 21, 11:33am
RBNZ seeks feedback on introducing an insurance policyholder guarantee scheme to pay out claims in the event of an insurer failing
Government extends business debt hibernation scheme for 10 months, despite the wage subsidy and other support measures only seeing 15 firms use the relief in full
1st Dec 20, 6:40am
4
Government extends business debt hibernation scheme for 10 months, despite the wage subsidy and other support measures only seeing 15 firms use the relief in full
RBNZ's just-launched insurance capital review to be based on principles similar to bank capital review
1st Oct 20, 11:22am
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RBNZ's just-launched insurance capital review to be based on principles similar to bank capital review
RBNZ says it's 'imprudent' for insurers to pay dividends at the moment; Announces major insurance capital review to resume in October
14th Sep 20, 5:44pm
5
RBNZ says it's 'imprudent' for insurers to pay dividends at the moment; Announces major insurance capital review to resume in October
Government commits to temporary law change to enable businesses to put existing debt into 'hibernation' and give directors a 'safe harbour' from insolvency duties
3rd Apr 20, 3:32pm
20
Government commits to temporary law change to enable businesses to put existing debt into 'hibernation' and give directors a 'safe harbour' from insolvency duties
Reserve Bank wants insurers' solvency buffers hiked by a yet-to-be-determined amount; Voices concern over 'material' impact low interest rates are having on life insurers in particular
28th Nov 19, 1:59pm
6
Reserve Bank wants insurers' solvency buffers hiked by a yet-to-be-determined amount; Voices concern over 'material' impact low interest rates are having on life insurers in particular
RBNZ confirms it'll consider requiring insurers to hold more capital: Macquarie analysts expect life insurers to be hardest hit and warn stricter rules could scare companies off NZ
10th Jun 19, 12:57pm
5
RBNZ confirms it'll consider requiring insurers to hold more capital: Macquarie analysts expect life insurers to be hardest hit and warn stricter rules could scare companies off NZ
Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
13th Aug 18, 4:51pm
1
Gibraltar-based insurer, caught in the CBL web, reaches agreement with one of its subsidiaries while it sues another
NZ Shareholders' Association 'disappointed' High Court hearing to determine whether or not CBL Insurance will be liquidated is adjourned for the second time
27th Jul 18, 7:24pm
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NZ Shareholders' Association 'disappointed' High Court hearing to determine whether or not CBL Insurance will be liquidated is adjourned for the second time
CBL Insurance's liquidation hearing deferred until July 30, as RBNZ considers 'additional options' proposed by those opposed to a liquidation
6th Jun 18, 6:30pm
CBL Insurance's liquidation hearing deferred until July 30, as RBNZ considers 'additional options' proposed by those opposed to a liquidation
Reserve Bank's application to liquidate CBL Insurance not to be heard in court on Tuesday as planned; Lawyer can't comment 
5th Jun 18, 10:31am
Reserve Bank's application to liquidate CBL Insurance not to be heard in court on Tuesday as planned; Lawyer can't comment 
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
1
Tower widens half-year loss off the back of storms and disappointing settlement with reinsurer; Risk-based pricing gets underway
Economists doubt the Reserve Bank will want to further roll back mortgage lending restrictions this week and will prefer to wait longer to see how the housing market develops this year
28th May 18, 1:49pm
3
Economists doubt the Reserve Bank will want to further roll back mortgage lending restrictions this week and will prefer to wait longer to see how the housing market develops this year
FMA believes companies should keep updating the market even if they're in voluntary administration; Says its dealings with CBL have prompted it to ask the court for clarity on the matter
18th May 18, 7:20am
FMA believes companies should keep updating the market even if they're in voluntary administration; Says its dealings with CBL have prompted it to ask the court for clarity on the matter
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
10th May 18, 4:02pm
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
Two of CBL Insurance's six directors claim the company in interim liquidation is solvent; issue to be addressed in court when RBNZ's liquidation claim is heard in June
27th Apr 18, 1:50pm
1
Two of CBL Insurance's six directors claim the company in interim liquidation is solvent; issue to be addressed in court when RBNZ's liquidation claim is heard in June
New RBNZ Governor Adrian Orr gets an early opportunity to strike a favourable impression with the public late next month by further loosening the LVR lending restrictions
4th Apr 18, 7:45am
17
New RBNZ Governor Adrian Orr gets an early opportunity to strike a favourable impression with the public late next month by further loosening the LVR lending restrictions
Jenée Tibshraeny looks at where Tower's at - three months after completing a capital raise and nearly a year after taking out a $30m bank loan to boost its solvency 
5th Mar 18, 7:04am
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Jenée Tibshraeny looks at where Tower's at - three months after completing a capital raise and nearly a year after taking out a $30m bank loan to boost its solvency 
RBNZ Deputy Governor Geoff Bascand says CBL Insurance paid $55 mln to overseas companies 'in the context of significant doubts about CBL Insurance's solvency'
1st Mar 18, 2:33pm
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RBNZ Deputy Governor Geoff Bascand says CBL Insurance paid $55 mln to overseas companies 'in the context of significant doubts about CBL Insurance's solvency'
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
The Reserve Bank's loosening of LVR limits will give the banks greater flexibility with their lending policies - but David Hargreaves wonders if the banks will actually want that at the moment
30th Nov 17, 1:27pm
17
The Reserve Bank's loosening of LVR limits will give the banks greater flexibility with their lending policies - but David Hargreaves wonders if the banks will actually want that at the moment
Reserve Bank doesn't see a collapse of house prices 'as a particularly high risk' due to Government policies, but says the new policies reinforce the RBNZ's decision to relax LVR restrictions
29th Nov 17, 3:56pm
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Reserve Bank doesn't see a collapse of house prices 'as a particularly high risk' due to Government policies, but says the new policies reinforce the RBNZ's decision to relax LVR restrictions
Reserve Bank will begin rolling back the LVR restrictions with the 'speed limit' for high LVR lending for banks increased to 15% from 10%; Investors will be required to just make 35% deposits compared with 40% now
29th Nov 17, 9:13am
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Reserve Bank will begin rolling back the LVR restrictions with the 'speed limit' for high LVR lending for banks increased to 15% from 10%; Investors will be required to just make 35% deposits compared with 40% now
Tower's share price drops to record low of 64c as it unveils discounted share offer to address 'inherent uncertainty' via a $70m capital raise; Insurer reduces its annual loss to $8m
14th Nov 17, 9:58am
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Tower's share price drops to record low of 64c as it unveils discounted share offer to address 'inherent uncertainty' via a $70m capital raise; Insurer reduces its annual loss to $8m
Jenée Tibshraeny looks at reports from Forsyth Barr and Macquarie analysts to consider what the future holds for Tower in the absence of a takeover by Vero
2nd Aug 17, 1:46pm
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Jenée Tibshraeny looks at reports from Forsyth Barr and Macquarie analysts to consider what the future holds for Tower in the absence of a takeover by Vero