Brisbane-headquartered Suncorp has announced that it has completed a successful placement of its reinsurance programme for the financial year ending 30 June 2025 (FY25).
WTW has appointed Mr James Baum as head of Australia and New Zealand, and head of corporate risk and broking (CRB) Australia and New Zealand, effective 15 July 2024.
IAG, one of Australia's biggest insurers, has purchased reinsurance protection to mitigate natural perils volatility for the next five years, alongside securing adverse development protection for its A$2.5bn ($1.7bn) long-tail reserves.
Mid-year renewals have further consolidated the positive trends at 1 January and 1 April 2024, setting the stage for a more competitive reinsurance market in 2025, said Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions.
The Earthquake Commission (EQC) yesterday became the Natural Hazards Commission (NHC), reflecting its role in supporting New Zealanders to prepare for and recover from a range of natural hazards, not just earthquakes.
Managing director of HDI Global (HDI), Mr Stefan Feldmann, will now be fully responsible for both commercial and specialty business in Australia and New Zealand. He has been managing director of HDI Global Australia since 2012. His new responsibilities are subjective to regulatory approval and effective 1 July 2024.
The costliest home burglary claims in New Zealand arise from the theft of water heating systems, new AMI data reveals.
The costs associated with some New Zealand adventures can be just as expensive as their overseas equivalent, according to Southern Cross Travel Insurance (SCTI).
The Insurance Council of New Zealand (ICNZ) is calling for the Fast-Track Approvals Bill to bolster resilience and ensure development projects safeguard people and property against natural hazard risks such as flooding.
The government-run natural disaster insurance provider, EQC, has secured a record level of reinsurance of NZ$9.2bn ($5.7bn) from 1 June 2024 to protect New Zealand homeowners from the impact of natural hazards and keep home insurance affordable.