New Zealand

Australian MGA Criterion Underwriting expands to New Zealand

March 8 2024

Criterion expands from Australia, with a focus on waste and recycling segments and other hard to place risks.

nz-financial-markets-authority-files-proceedings-against-tower-insurance-over-discount-failures

NZ FMA files civil proceedings against Tower Insurance over discount failures

March 8 2024

Financial Markets Authority alleges Tower overcharged customers NZ$9.5m (US$5.87m) by failing to apply multi policy discounts.

Chubb names David Morrow as New Zealand Country President

March 7 2024

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.

Property and motor to drive New Zealand GI growth

March 4 2024

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.

fmg-insurances-ratings-hold-steady-despite-challenging-year-in-nz

FMG's ratings hold steady despite challenging year in NZ

March 1 2024

AM Best spotlights comprehensive reinsurance programme and prudent capital management as key to insurer's resilience.

Andrew Brooks announces departure from Chubb New Zealand

February 29 2024

Brooks announces departure after close to a decade with Chubb, also revealing his next move will be a 6 month-contract role at Insurance Advisernet.

PERILS: Cyclone Gabrielle's final insurance loss estimate at NZ$2.17bn

February 16 2024

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.