IAG yesterday announced its first half results for financial year 2025, reporting a net profit after tax of AUD778m ($488m), up 91% from $407m in 1H24.
The gender pay gap in New Zealand's financial and insurance services was 29.3% in 2024, according to the Ministry for Women.
Sompo has appointed Ms Lily Claydon as CRO, effective 3 March 2025. In her new role, she will be responsible for leading Sompo's APAC risk management, governance and analytics, in addition to developing talent and capabilities across the region. She will also join the APAC executive team based in Singapore.
Swiss Re has appointed Mr Lloyd Campbell-Gibson as head of life and health (L&H) Australia and New Zealand.
New research from the New Zealand Infrastructure Commission Te Waihanga has revealed how insurance can help the country to manage natural hazard risks and how to prepare infrastructure for a changing climate.
The results of Consumer NZ's annual insurance satisfaction survey found MAS and FMG were rated highly by customers, with both earning Consumer's People's Choice award.
Aon has appointed Mr Wesley Roy head of property for Australia and New Zealand. He joins Aon's Reinsurance Solutions team.
Suncorp Group has completed the divestiture of its New Zealand-based Asteron Life business to Resolution Life Australasia for NZ$410 million (US$228 million).
The Insurance Council of New Zealand Te Kahui Inihua o Aotearoa (ICNZ) has welcomed the New Zealand government's commitment to introduce a legislation in parliament in 2025 on a climate adaptation framework. This would help prepare New Zealanders for the impact of climate change on lives, property and communities.
ACT party of New Zealand has called for a radicle transformation in the country's healthcare and insurance landscape. ACT party leader and soon-to-be country's deputy prime minister Mr David Seymore said the citizens should have the option to opt out of the public health system in exchange for private insurance funding.