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Suncorp New Zealand reported a post-tax profit of $115 million for the year to June 30 — a 30% fall from the previous year. The company said significant weather events, a more than 50% increase in natural disaster claim...
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Insurance industry loss estimates from Cyclone Gabrielle have surpassed the $2 billion mark according to data provider PERILS. Losses have hit $2.018 billion, according to the latest data from the research group, up from a previous...
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Vero Insurance has appointed experienced engineer and technical underwriter Jacob Hewitt to its business property team. The firm said the hire would bolster the firm’s capabilities amid the emergence of new and complex risks....
Opinion
It is common knowledge that the law requires an insured to be completely truthful when seeking to claim under an insurance policy. In the recent High Court decision of Polladio Holdings Limited v The New India Assurance Company Limited...
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Vero Insurance’s new engineer and technical underwriter Jacob Hewitt talks to...
You've been in the market for 17 years. What have been the biggest changes in the insurance and construction sectors between now and then? JH: Technological advances in the construction industry across this period...Feature
Grant Cairns has been appointed chief executive officer of AIG Australia, also becoming the insurer’s head of Australia and New Zealand. He will report to Chris Colahan, the recently-appointed regional president for AIG Asia...
Humans of NZI
Sue Blick of Christchurch has been in the insurance industry just shy of seven years, and when this year’s major weather events hit parts of Aotearoa, New Zealand, she knew exactly how NZI’s affected customers would be...
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IAG New Zealand saw its annual profit fall by 80% due to the impact of the severe summer weather. The New Zealand division of Australian insurer IAG reported a profit of A$44 million (NZ$47.6 million) for the year ended June 30,...
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Here’s what brokers need to do to get ready for CoFl, according to Andrew Hor...
The incoming Conduct of Financial Institutions (CoFI) regime, introduced by the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFI Act), is primarily concerned with licencing and regulating the conduct of financial...Feature
The weather may have subsided, but the summer’s events will have a lasting im...
With the claims process underway, the long-term impacts of Cyclone Gabrielle and the Auckland Anniversary weekend floods are affecting brokers and their clients. As underwriters reevaluate their coverage and exposure in impacted areas,...
