The Finance and Expenditure Committee of the New Zealand Parliament yesterday issued its final report on a cross-party inquiry into climate adaptation. Among its recommendations is the proposal for the government to investigate the idea of proactive financing instruments, working alongside insurance companies and banks.
The life insurance provider has announced the recipients of the inaugural MDRT Grant Programme for New Zealand's Independent Financial Adviser (IFA) channel. The grants are designed to support advisers to develop innovative ways to support customers and accelerate their service provision.
The Insurance Council of New Zealand (ICNZ) is urging the government to ensure that its proposed Resource Management Act (RMA) changes help protect local communities by avoiding building in "dumb" places.
Price Forbes Asia has appointed Mr Thomas Russell as director, head of Australian and New Zealand wholesale. The role is newly created.
Markel has appointed Ms April Tam to the roles of senior underwriter, professional financial risk (PFR) and head of financial institutions, Asia. In her new role, she will strengthen Markel's financial institutions proposition in Asia.
The New Zealand government has agreed to the rates for the redesigned levy that will fund Fire and Emergency New Zealand (FENZ) from July 2026, said Minister of Internal Affairs, Ms Brooke van Velden. The rate of levy increase is revised to 2.2%, lower than earlier envisaged.
US-headquartered BAM Mutual, the mutual bond insurer focused on reducing the cost of debt sold for essential infrastructure, is opening a Melbourne office and will begin insuring bonds and loans sold to finance projects in Australia and New Zealand.
WTW, a leading global advisory, broking, and solutions company, has formed a dedicated technology industry practice within its Corporate Risk & Broking (CRB) business in Australia and New Zealand.
The Insurance Council of New Zealand (ICNZ) is backing calls to speed up adaptation to climate change.
Tokio Marine Kiln (TMK) has appointed Ms Stephanie Hong as marine underwriter in APAC. In her new role, she will primarily be focused on deepening TMK's presence in target markets across Asia.