Morrow has been with Chubb for 15 years in various leadership positions and is promoted from his role as Head of Property and Casualty (P&C) for Chubb NZ.
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.
Industry loss estimate increases to NZD 2.174bn (US$1.33bn); contributing to record NZ$4.4bn in losses when combined with Auckland Anniversary Weekend Floods.
Leon Briggs, Gary Hurle, and Jake Carter form new loss adjusting venture with a focus on commercial, liability, construction, and financial losses in the New Zealand and Pacific Island markets.
