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London calling

Lloyd’s Insurance broker Alan Rixon has been employed by Harman Kemp North America as head of its international department, to help develop its thrust into other territories outside of North America.  Rixon had previousl...

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Start-up manages broker payments

A New Zealand start-up is promising to make it easier for insurers to reconcile broker premium payments. Grappler co-founder Colleen MacCarthy said many insurers were still working with manual systems but there was scope to automat...

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Broker group grows

NZbrokers has added four broker partners over the past year and is eyeing further growth. Chief executive Jo Mason said: “Our broker network now represents more than 164,000 clients in more than 85 locations across the countr...

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One in four Kiwi SMEs don’t have insurance

Vero Insurance research shows one in four small to medium enterprise owners and decision-makers (SMEs) have no business insurance. It comes as part of the second edition of the Vero SME Insurance Index, which delves into the...

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AFAs deal in category two products

Forty-one per cent of authorised financial advisers offer insurance advice, new Financial Markets Authority data shows. It has released its latest snapshot of the country’s AFAs, compiled from the annual returns that they...

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Insurers chip in more than $100m

Insurers have provided $101m in support and assistance to communities so far this year. Three major storms struck New Zealand in the first quarter of 2018: the January storms, Cyclone Fehi and ex-Tropical Cyclone Gita. Together,...

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Conduct in question

Commerce Minister Kris Faafoi is asking whether there is a need for more regulation of insurer conduct, as part of the insurance contract law review. Public consultation has begun as part of the review process....

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Aon makes Australian appointments

Aon has strengthened  the leadership of its SME/mid-market solutions and its sales, marketing and growth capabilities with two key senior internal appointments to its Australian team.  Kevan Johnston has been...

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Cyclone Fehi cost rises

The Insurance Council says Cyclone Fehi has already cost insurers almost $38.5 million. It hit New Zealand on February 1, causing widespread wind damage and flooding in exposed coastal towns. States of emergency were declared...

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IAG announces chief executive's retirement

IAG New Zealand has announced the retirement of Karl Armstrong after 47 years with the company. The acting executive general manager of the firm will step down on May 31. Chief executive Craig Olsen said Armstrong had...

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