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.
The Insurance Council of New Zealand (ICNZ) has lauded the additional funding allocated in Budget 2024 to invest in building resilient communities affected by the Auckland Anniversary Weekend flooding and Cyclone Gabrielle events.
Emergence Insurance has appointed Ms Katrina Hickson as head of distribution, a newly created role. In her new role, she will lead the business development team, oversee the national accounts strategy, foster key partnerships and expand the cyber insurance specialist underwriting agency's market presence across Australia and New Zealand.
The Financial Services Council's (FSC) latest Financial Resilience Index tracker indicates that the outcomes of some economic decisions made since the start of the COVID-19 pandemic are really biting across New Zealand.