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IAG New Zealand sees profit increase

IAG New Zealand, the insurance group behind AMI, NZI and State Insurance, posted a solid set of half-year results for the six months to December 31 last year. Local currency gross written premium grew 18.8% to $2015m (1H23: $1,696m...

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IAG New Zealand adds to board

IAG New Zealand appointed Michele Embling, Rachel Walsh and Scott Pickering to its board. Embling is currently a board member for AIA New Zealand, Transpower, Toitū Tahua – The Centre for Sustainable Finance, and the Financia...

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Insurance Council of New Zealand - Appointments

Kris Faafoi to become CEO of the Insurance Council of New Zealand Former Labour minister Kris Faafoi will become the new chief executive of the Insurance Council of New Zealand, effective from April 2024. Tim Grafton, who ha...

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Important Appointments in the Industry

Chris Mackinnon to take on regional Lloyd’s role Chris Mackinnon of Lloyd’s is set to become the insurance body’s regional director for Asia, the Pacific, Middle East and Africa. Mackinnon will replace Iain...

Live News

Emergence upgrades cyber insurance policy

Cyber specialist underwriting agency Emergence NZ Limited has launched a major upgrade to its key product’s policy wording. The revamp to Emergence’s Cyber Event Protection policy, marketed to brokers as CEP-005,...

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State Insurance reveals its strangest claims of...

Dogs driving vans, stolen false teeth, and speeding jandals were among State Insurance’s most peculiar claims of the year. The insurer has released a list of the most curious claims of the last calendar year, with...

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Market Lane Insurance Group lands in NZ market

Australian insurance group Market Lane has moved into the NZ market. Newly established company Market Lane Insurance Group (NZ) Limited will provide underwriting and placement solutions, covering contemporary and future risks....

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Suncorp NZ profit grows as group warns of reins...

Suncorp NZ reported a small increase in half-year profit, as premium income rose by 20%, but the group warned of likely increases to reinsurance costs. The NZ division of the Australian giant recorded a profit of $94 million for...

Humans of NZI

Gary Rennie: Paving the way for safer roads

A proudly born and raised Cantabrian, Gary Rennie was a career banker for 30 years before stepping into the world of insurance. Four years after the Canterbury earthquakes in 2011, Gary’s first insurance role saw him helping...

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IAG adds A$250 million to 2024 catastrophe insu...

Insurance Australia Group, the owner of State, AMI and NZI, included an extra A$250 million of drop-down cover for a New Zealand-specific second event as it announced its 2024 catastrophe reinsurance programme. The Australia-based...

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