The Auckland High Court has ordered the insurer, a subsidiary of Suncorp New Zealand, to pay the reduced fine for failing to apply multi-policy discounts to nearly 42,000 customers
New Zealand's Accuro intends to transfer its insurance portfolio to UniMed, so the ratings will remain under review pending competition of the transaction; UniMed's ratings also remain unchanged.
AM Best expected Beneficial to experience moderate underwriting growth, thanks primarily to the expansion of its central pet insurance line of business.
Heavy weather conditions predicted for the weekend have New Zealand on high alert, with the country and industry still in the midst of recovery from the Auckland floods and Cyclone Gabrielle earlier this...
Singapore's top ten largest reinsurers saw underwriting profits more than double in 2022 as they tightened underwriting terms and lowered losses, amid economic and catastrophe-induced volatility.
AM Best affirms the PA-2 (Excellent) rating of Asia Pacific subsidiaries Delta Insurance and Delta Underwriting, emphasising the MGA's profitable operations and strategic importance to Delta International...
This year's scholarship takes on the theme of AI applications within the industry and provides the opportunity for future leaders to win NZ$10,000 (US$5.9k) towards professional development.
