Insurance news

Vero throws more money at Tower shareholders in takeover bid

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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Are insurers behind the ball on mental health?

9 Mar 17, 8:47am

Jenée Tibshraeny

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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Suncorp to move NZ jobs offshore

6 Mar 17, 5:16pm

Jenée Tibshraeny

16 comments

Suncorp confirms it's transferring 'a number' of New Zealand admin jobs to its 'strategic partners in Asia'
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Will bank capital be included in govt's move to combat use of hybrid mismatches?

6 Mar 17, 10:33am

Gareth Vaughan

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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Suncorp brings up ComCom's track record in bid to buy Tower

3 Mar 17, 1:05pm

Jenée Tibshraeny

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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Suncorp claims territory in bidding war for Tower

2 Mar 17, 1:19pm

Jenée Tibshraeny

1 comment

Suncorp attempts to win over Tower shareholders in its takeover battle with 'escalation payment' agreements
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Youi NZ’s misconduct 'negatively impacts' new business volumes

24 Feb 17, 10:07am

Jenée Tibshraeny

3 comments

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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Car owners and Wellingtonians to be hit by insurance premium hikes

23 Feb 17, 7:40am

Jenée Tibshraeny

1 comment

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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Suncorp move starts bidding war for Tower

22 Feb 17, 9:48am

Jenée Tibshraeny

5 comments

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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UK Supreme Court tackles power imbalance between insurers and their customers

22 Feb 17, 7:57am

Andrew Hooker

7 comments

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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Australia's new horizon: Climate change challenges and prudential risk

20 Feb 17, 7:32pm

Guest

2 comments

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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'Are we still on a promise, or are we just getting screwed'

18 Feb 17, 7:30am

Cameron Preston

10 comments

Cameron Preston crunches the numbers to explore whether it is Tower or NZ's insurance system that is 'broken'
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Tower's credit rating under review

17 Feb 17, 1:58pm

Jenée Tibshraeny

4 comments

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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ASB interim net profit rises 6%

15 Feb 17, 10:05am

David Hargreaves

11 comments

ASB breaks the half billion dollar mark for six month profit; chief executive lauds 'strong momentum'
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Brownlee refuses to cop flak from Stiassny for Tower's downfall

13 Feb 17, 12:19pm

Jenée Tibshraeny

12 comments

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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'Berkshire Hathaway of Canada' swoops on beleaguered insurer Tower

9 Feb 17, 1:07pm

Jenée Tibshraeny

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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Canadian insurer tipped to takeover Tower

9 Feb 17, 11:26am

Jenée Tibshraeny

8 comments

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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Tower silent on mystery $51 million 'owed' to it by EQC

6 Feb 17, 7:37am

Jenée Tibshraeny

13 comments

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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Could ANZ really quit the KiwiSaver market?

1 Feb 17, 10:23am

Gareth Vaughan

6 comments

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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Has EQC’s land claim handling slipped too far?

28 Jan 17, 8:21am

Cameron Preston

4 comments

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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