Insurance news

14 Mar 17, 3:08pm
Vero agrees to pay 10 cents more per share in $15.8 million deal to increase its stake in Tower to nearly 20%; Move could bump up Vero's offer in takeover bid
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9 Mar 17, 8:47am
Psychiatrists call for government review on the way life insurers treat people with mental illness; Underwriter explains extent to which industry goes to fairly assess possible risks of mental illness
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6 Mar 17, 5:16pm
Suncorp confirms it's transferring 'a number' of New Zealand admin jobs to its 'strategic partners in Asia'
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6 Mar 17, 10:33am
Revenue Minister Judith Collins says government yet to decide whether bank capital will be included in the crackdown on corporates' use of hybrid mismatches
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3 Mar 17, 1:05pm
Suncorp argues if the ComCom allowed IAG to acquire AMI and Lumley, it's only fair it approves its application to take over Tower
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2 Mar 17, 1:19pm
Suncorp attempts to win over Tower shareholders in its takeover battle with 'escalation payment' agreements
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24 Feb 17, 10:07am
Youi's boss to take up new role as CEO of OUTsurance - a South African insurer with the same parent as Youi
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23 Feb 17, 7:40am
IAG commits to employing 'targeted rates increases' in the wake of the Kaikoura quakes; Says it has been hiking motor insurance premiums throughout the country as more car owners are making claims
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22 Feb 17, 9:48am
New Zealand's second largest general insurer aims to increase its market share to 30%, offering to pay more than 'Canada's Berkshire Hathaway' to buy Tower
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22 Feb 17, 7:57am
Insurance lawyer calls for playing field to be leveled in NZ so insurers suffer the same consequences as their customers if they tell porkies
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20 Feb 17, 7:32pm
Climate change could threaten the stability of the entire financial system, an Aussie banking regulator warns, as it prepares to apply climate change "stress tests" to the nation's financial institutions
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18 Feb 17, 7:30am
Cameron Preston crunches the numbers to explore whether it is Tower or NZ's insurance system that is 'broken'
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17 Feb 17, 1:58pm
A.M. Best places Tower's credit rating under review pending its sale to Fairfax Financial Holdings; Says it will consider the extent of Fairfax’s 'financial support' to determine a rating
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15 Feb 17, 10:05am
ASB breaks the half billion dollar mark for six month profit; chief executive lauds 'strong momentum'
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13 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
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9 Feb 17, 1:07pm
Tower board, major shareholders back $197 million takeover bid from Canada's Fairfax Financial Holdings; Tower's share price rises as trading resumes
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9 Feb 17, 11:26am
Tower shares in trading halt ahead of 'announcement'; Reports the insurer has received a take-private proposal from Fairfax Financial Holdings
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6 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
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1 Feb 17, 10:23am
Gareth Vaughan questions whether ANZ NZ will benefit from the ANZ group selling UDC, and would benefit from selling its KiwiSaver heavy wealth unit
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28 Jan 17, 8:21am
How EQC has avoided being stung by rising land values; Cameron Preston has the back story to the legal action IAG and Tower have launched against EQC
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