Canopius has appointed Mr Andrew Ziolkowski as the new head of Australia and New Zealand, effective October 2025 and Mr Craig Elliot as head of distribution for Australia and New Zealand.
A new survey has revealed that the kiwis are getting better at prioritising their health but costs remain a significant barrier in this regard. Two-thirds (65%) of adult New Zealanders consider themselves in good, very good or excellent health (up from 62% in December 2023).
Novidea has appointed Mr Oren Leshem as vice president of sales for the APAC and MENA regions. In his new role, he will lead sales and growth initiatives in these regions, develop strategic customer relationships, expand the company's presence in emerging markets and manage regional sales teams.
The Financial Markets Authority - Te Mana Tatai Hokohoko (FMA) - has filed a civil proceeding against insurer Insurance Australia Group (IAG) New Zealand for fair dealing breaches in relation to its insurance products.
The Conduct of Financial Institutions (CoFI) regime has entered into full effect since 31 March, with the Financial Markets Authority (FMA) expecting insurers, banks and non-bank deposit takers to put New Zealand consumers at the forefront of their decisions and actions.
In the APAC region, Aon has appointed Mr Soeren Soltysiak as Asia CEO of Reinsurance Solutions, Mr Musa Adlan as managing director, Asia, for Reinsurance Solutions, Mr Pierre Vende and Mr Danny Alexander as co-heads of life and health Reinsurance Solutions, Ms Soojin Kim and Ms Cindy Gu as co-heads of retrocession APAC for Reinsurance Solutions and Mr Tom Drake as chairman of Reinsurance Solutions Speciality, APAC.
Cigna Healthcare has appointed Mr Rob Peat as CEO of APAC and Mr Shaun MacKenzie as CFO of international health. Both appointments are effective 1 April 2025.
In 4Q2024, insurance markets began to show signs of softening with "more moderate premium increases being applied to many risks", according to Gallagher's "Insurance Market Update -- March 2025".
Data, analytics and insights platform GlobalData expects the APAC reinsurance market to reach $68.4bn in 2029 in terms of reinsurance accepted premiums, growing at a compound annual growth rate of 4.8% from $54bn in 2024.
Medical costs in New Zealand have surged significantly in recent times in the Asia-Pacific region and across the world too according to Aon's 2025 Global Medical Trend Rates report.