solvency
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
How a light touch approach to regulating insurers doesn't work while companies consider disclosing key financial information a box ticking rather than a consumer protection exercise
5th Jul 17, 5:02am
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How a light touch approach to regulating insurers doesn't work while companies consider disclosing key financial information a box ticking rather than a consumer protection exercise
NZ's largest general insurer wants insurers that aren't locally incorporated to be required to hold a certain amount of assets in NZ; Says there's room for the RBNZ to require insurers to disclose more
2nd Jun 17, 2:40pm
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NZ's largest general insurer wants insurers that aren't locally incorporated to be required to hold a certain amount of assets in NZ; Says there's room for the RBNZ to require insurers to disclose more
RBNZ notes insurers are lowering their solvency margins, with some leaning more heavily on their shareholders in times of crisis
31st May 17, 1:53pm
RBNZ notes insurers are lowering their solvency margins, with some leaning more heavily on their shareholders in times of crisis
RBNZ on insurance regulation: 'Our role is to prod in the right areas and make sure management are on top of what they need to be on top of, rather than doing that job for them'
24th May 17, 5:09pm
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RBNZ on insurance regulation: 'Our role is to prod in the right areas and make sure management are on top of what they need to be on top of, rather than doing that job for them'
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
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Tower gets $30 million cash advance from BNZ as quake costs see it only $5 million away from breaching the RBNZ solvency requirements
RBNZ considers whether to: take a more 'graduated approach' in monitoring insurers' solvency, make insurers disclose as much information as banks, and require all insurers that operate in NZ to be locally incorporated
3rd Apr 17, 5:02am
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RBNZ considers whether to: take a more 'graduated approach' in monitoring insurers' solvency, make insurers disclose as much information as banks, and require all insurers that operate in NZ to be locally incorporated
Cameron Preston crunches the numbers to explore whether it is Tower or NZ's insurance system that is 'broken'
18th Feb 17, 7:30am
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Cameron Preston crunches the numbers to explore whether it is Tower or NZ's insurance system that is 'broken'
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
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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
RBNZ concerned insurers risk eroding their solvency buffers and reducing their flexibility to manage a crisis if they keep dishing out large dividends
9th Dec 16, 12:24pm
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RBNZ concerned insurers risk eroding their solvency buffers and reducing their flexibility to manage a crisis if they keep dishing out large dividends
Government confirms it has not been approached by Tower as the insurer seeks capital to ring-fence its quake-related business; Forsyth Barr expects Tower to sell 'RunOff Co'
6th Dec 16, 10:02am
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Government confirms it has not been approached by Tower as the insurer seeks capital to ring-fence its quake-related business; Forsyth Barr expects Tower to sell 'RunOff Co'
Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
14th Sep 16, 11:47am
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Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash
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
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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
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
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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
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
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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
Tower receives 155 new Canterbury quake claims from EQC in six months to March; increases quake provisions by $2.9m; widens loss to $8.7m
24th May 16, 1:44pm
Tower receives 155 new Canterbury quake claims from EQC in six months to March; increases quake provisions by $2.9m; widens loss to $8.7m
PwC report reveals NZ insurance professionals most concerned about natural disasters, change management, distribution channels, cyber risk & reputation
21st Aug 15, 11:54am
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PwC report reveals NZ insurance professionals most concerned about natural disasters, change management, distribution channels, cyber risk & reputation
Tower puts an extra $20m+ aside for Canterbury quake-related claims, as it struggles to keep up with the increasing cost of the rebuild
1st May 15, 2:28pm
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Tower puts an extra $20m+ aside for Canterbury quake-related claims, as it struggles to keep up with the increasing cost of the rebuild