New Zealand

Australian MGA Emergence expands Cyber offering to New Zealand

June 5 2023

The cyber specialist has taken its first step internationally and will provide Cyber Excess policies with limits of up to NZ$20m.

PERILS increases industry loss estimate of Cyclone Gabrielle to NZ$1.925 Billion

May 17 2023

The estimate is a 25% increase over the data provider's initial estimate in March.

New Zealand's Accuro Health has Financial Strength and Credit Ratings downgraded

May 2 2023

AM Best has revised the not-for-profit insurer's Financial Strength Rating to "B" (Fair) and Credit Rating to "bb" (Fair).

Photo of someone using computer with computer data on the screen. Photo of iTower in top left corner.

New Zealand: AM Best affirms Tower's financial strength despite 2023's severe weather events

April 24 2023

Tower maintained its 'A-' FSR thanks to its very strong balance sheet

Photo of shop or commercial location that has been flooded in New Zealand.

New Zealand: 2022 set new record for extreme weather claims, but 2023 is already multiples worse

April 13 2023

The amount claimed for climate-related issues in 2023 is nearly NZ$2.5bn, dwarfing the NZ$350 million record set for 2022.

Photo of someone speaking in a meeting. Firemark and Planck logos in top left corner.

IAG invests in underwriting automation insurtech Planck

April 13 2023

Firemark Ventures' investment is part of IAG's strategy to back cutting-edge and disruptive technologies.

Honan continues M&A streak with acquisition of NZ Certus Insurance Brokers

March 9 2023

ANZ broker Honan Insurance Group (Honan) has announced the acquisition of Certus Insurance Brokers (CIBNZ). Honan has been very active in the M&A market having acquired six businesses since July,...

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