New Zealand

ICNZ names Whiting as President and Heath as Vice-President

January 8 2024

Amanda Whiting (pictured left), CEO of IAG NZ, takes over as ICNZ's President following Toni Ferrier's move to Marsh.

NZ High Court orders penalties on directors of defunct insurer CBL

December 22 2023

The High Court of New Zealand has imposed penalties totalling NZ$7.88m (US$3.63m), on CBL Corporation and four former directors for breaches of continuous disclosure obligations.

High Court sanctions major class action against New Zealand's Earthquake Commission

December 15 2023

Class action challenges EQC's 2011 quake settlements, with potential to become one of New Zealand’s most expensive.

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Positive outlook for NZ's Provident Insurance following technology investment

December 14 2023

AM Best affirms credit ratings for the motor insurer and maintains its positive outlook.

ICNZ: 87% of Cyclone Gabrielle and Auckland Anniversary flood claims settled

December 12 2023

To date 99,798 of 115,353 and NZ$2.7bn (US$1.65bn) of NZ$3.6bn have been settled.

Marsh completes acquisition of Honan Insurance Group

December 1 2023

The acquisition of the Melbourne-headquartered broker will strengthens Marsh's corporate, real estate, and strata presence in Australia and New Zealand.

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Tower partners with CelsiusPro to enhance Pacific parametric offering

November 24 2023

Tower partners with CelsiusPro to enhance the technological infrastructure supporting their Cyclone Response Cover, a parametric insurance offering.

AM Best assigns stable outlook, predicts steady growth for New Zealand's non-life segment

November 13 2023

Despite two record nat cats in 2023, excess-of-loss reinsurance, strong capital adequacy, and inflation should provide stability and growth for NZ non-life market, though constrained reinsurance capacity...

Financial and professional lines temper Pacific composite insurance pricing

November 7 2023

Marsh's Global Insurance Market Index shows that D&O in the Pacific fell by over 15% for some insureds, as capacity and competition increased.

ag-guard-and-floodbase-partner-for-2024-launch-of-parametric-flood-cover-in-australia-and-new-zealand

Ag Guard and Floodbase partner on ANZ parametric flood cover

November 2 2023

The products are aimed primarily at agricultural risk and will be launched in 2024,

Lockton New Zealand appoints Craig Buckle as CEO with Peter Lowe retiring

October 30 2023

Buckle, currently serving as the Head of Corporate Risk, will step into the role of CEO at Lockton New Zealand from 1 January; he succeeds Lowe, who has been influential in Lockton's New Zealand opera...

Jill Comley-Forbes to return to WTW in 2024 to lead New Zealand operations

October 16 2023

Comley-Forbes worked at Willis for six years in the early 2000s and will return to lead its NZ operations from January.

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