GlobalData forecasts sector to grow by 7.3% CAGR to NZ$12.9bn (US$7.87bn) in 2028, but profitability to remain volatile due to nat cats and reinsurance rates.
130 executives face temporary salary reductions up to 50%, as insurers submit business improvement plans following investigation into co-insurance policy collusion.
AM Best assigns 'exceptional' National Scale Rating, while spotlighting general insurer's technology and analytics strategy to sustain market position.
Kus will maintain her existing responsibilities as APAC's Head of Commercial Risk Solutions in addition to overseeing the broker's operations in Japan and Korea.
