New Zealand

New Zealand finalises Fire and Emergency levy rates

December 19 2024

The levy will rise by 2.2%, instead of an initially proposed 5.2%.

AM best upgrades Provident Insurance's ratings amid "significant" tech investment

December 13 2024

Investment in IT and pricing capabilities has elevated 2024 expense ratio but will aid execution of company's growth plan.

Worldcare rebrands to Allianz Travel Insurance in New Zealand

November 25 2024

Along with the rebrand, the company has also changed its offerings to provide customisable policies.

New Zealand Parliament passes Contracts of Insurance Bill

November 15 2024

New legislation comes into effect in three years and consolidates several outdated insurance regulations into one cohesive framework.

AM Best assigns stable outlook to New Zealand life insurance, affirms stable outlook for non-life sector

November 12 2024

Kiwi insurers demonstrating resilience amidst market challenges, says AM Best.

Tower CEO Blair Turnbull to step down in February 2025

November 1 2024

NZ insurer has initiated search for a new CEO, with Turnbull set to step down after Tower's annual shareholder meeting.

Pacific financial lines rates drop 14% in Q3 - Marsh

October 25 2024

Region sees the largest global decrease in financial lines and property rates, at 17% and 6% respectively.

Insurance industry groups call on Commonwealth leaders to discuss weather risk

October 21 2024

The ICA, ICNZ and other industry groups have jointly written to their respective Prime Ministers calling for the issue to be put on the Commonwealth Business Forum agenda.

scor-elevates-paula-bourke-to-ceo-of-life-amp-health-australia

SCOR elevates Paula Bourke to CEO of Life & Health, Australia

October 16 2024

Bourke first joined the reinsurer in 2016.

AA Insurance New Zealand fined NZ$6.175m due to discount failures

October 7 2024

New Zealand's High Court fines insurer NZ$6.175m (US$3.8m) for failing to apply discounts and bonuses, leading to overcharges.

ICNZ urges reform to stop development in ‘dumb places’

September 30 2024

The Insurance Council of New Zealand urges government to prioritise community safety as part of its Resource Management Act reforms.

Tim Emms joins BMS as Executive Broker

September 25 2024

Before moving to BMS, Emms worked with Aon for over four years, where he most recently served as a Regional Liability Specialist.

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