Insurance news

29 Nov 17, 9:13am
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
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23 Nov 17, 2:09pm
Self-proclaimed 'pushy' Commerce & Consumer Affairs Minister Kris Faafoi commits to revamping archaic insurance law, but prioritises introduction of payday lender interest rate caps & a supermarket code of conduct
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23 Nov 17, 2:09pm
Self-proclaimed 'pushy' Commerce & Consumer Affairs Minister Kris Faafoi commits to revamping archaic insurance law, but prioritises introduction of payday lender interest rate caps & a supermarket code of conduct
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16 Nov 17, 9:41am
Insurance lawyer takes aim at litigious claimants who 'provide the insurance industry with ammunition, and judges with scepticism'
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15 Nov 17, 9:29am
Tower CEO sets sights on embattled insurer becoming a 'leading digital challenger brand' that uses better data to assess risk and target premiums
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14 Nov 17, 9:58am
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
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13 Nov 17, 2:32pm
Trading halt on Tower shares with insurer at 'advanced stage of finalising underwriting for a capital raising'
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7 Nov 17, 12:06pm
Vero walks away from appeal of Commerce Commission decision to block Tower takeover as it sees 'significant litigation risk' and the deal outlining the proposed acquisition expires
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1 Nov 17, 5:02am
Fidelity Life board backs proposal for NZ Super Fund to inject new capital into the company through a $100 million deal  
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30 Oct 17, 1:33pm
How much could the ANZ Banking Group get for its New Zealand wealth operations?
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18 Oct 17, 12:22pm
Insurance industry raises concerns over the RBNZ being the entity to conduct a major review of the legislation it uses to regulate the sector
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4 Oct 17, 1:16pm
Youi NZ reduces its loss by 41% as its premium income growth exceeds its claims expense growth; Says it's focused on 'continuous improvement'
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29 Sep 17, 9:15am
Sovereign customers warned AIA takeover could give incentivised advisers an in to encourage them to switch policies
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26 Sep 17, 9:26am
As the National and Labour/Greens sides both court Winston Peters, here's a look at what he campaigned for in monetary policy and banking, insurance & KiwiSaver
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21 Sep 17, 10:57am
AIA reaches AU$3.8 billion agreement with ASB's parent CBA to buy Sovereign and CommInsure
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13 Sep 17, 7:31am
With a strong economy, modest insurance premium increases, and the EQC Act review set to benefit insurers, S&P says quakes and cyclones aren't deterring reinsurers from the NZ market
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11 Sep 17, 11:31am
Insurance lawyer takes aim at Insurance Council for shooting down Labour's proposal to form a Canterbury quake tribunal
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6 Sep 17, 1:28pm
How new technology that automates underwriting is set to be a game-changer in health insurance
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29 Aug 17, 5:06pm
Insurance brokers say higher EQC and fire service levies, as well as a changing market post-Kaikoura, could see the cost of insuring some buildings increase by more than 50%
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23 Aug 17, 3:12pm
IAG says 'high risk regions' like Wellington to be hit hardest with further insurance premium increases; Notes households and businesses can also expect to pay higher excesses
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