New Zealand's Financial Markets Authority (FMA) has released its 2026 Climate-related Disclosures Insights Report, noting encouraging progress in reporting practices and a growing maturity across climate reporting entities (CREs), alongside areas for improvement to support more informed decision-making.
Gallagher Re has appointed Mr Carlos Grijalva as Executive Director, Head of Cyber for APAC.
Zurich Insurance has announced the promotions of Mr Giles Crowley and Mr Kin Lee to its APAC commercial insurance business. Mr Crowley has been promoted to Head of Customer and Distribution Management (CDM), APAC, and Mr Lee to Head of Energy, APAC.
Munich Re has announced the retirement of Mr Daniel Cossette, who has decided to conclude his tenure after 19 years. He is succeeded by Mr Gavin Maistry as Chief Executive for Life and Health APAC and MEA.
New Zealand plans to amend the country's climate law to prohibit liability arising from climate change damages. The Government has clarified that these amendments will provide businesses with certainty around their obligations.
As of 31 March 2026, there are 4m life insurance covers across New Zealand, against an estimated population of 5.35m. At the same time, annual life insurance premiums reached NZ$3.31bn ($1.93bn), up 2.7% y-o-y, even as cover numbers continue to fall.
Gallagher Re has appointed Mr Russell Hails as Executive Director, Head of MGA Solutions, APAC.
Financial, insurance, electricity, gas, water and waste management services are among the industries facing the weakest competitive pressure in New Zealand, according to the first State of Competition report released by Commerce Commission of New Zealand.
Life insurer AIA New Zealand (AIA NZ) paid NZ$790m ($470m) in total claims in 2025 supporting more than 789,000 New Zealanders, according to the latest edition of its annual claims report Claims Compass.
AIA New Zealand has announced that NZ Executive Committee members Mr Alex Kühnast and Mr Ben Lovelock have swapped roles.