Following the review of the Financial Markets Authority funding earlier this year, the Government announced an increase to the FMA’s funding to reflect the expansion of the FMA’s remit and responsibilities. In May, the...
The new regulations around record keeping may sound relatively simple, but according to Anthony Harper partner Nick Summerfield, records is an area where advisers often trip up. From March 15, 2021, advisers will be required to kee...
Roughly one in six (15%) New Zealanders admitted that they have not been fully truthful during their application for car insurance, a survey found. This means that thousands of Kiwis are at risk of having their claims rejected once...
The Insurance Council of Australia has outlined its support for several proposed changes to Australia’s class action regime and litigation funding industry. Speaking via video conference before the Parliamentary...
Among the FMA’s priorities for the next six months include monitoring the changing regulatory risks as the Covid-19 pandemic plays out across New Zealand and around the world. In an announcement , the regulator expects...
IAG New Zealand confirmed that it will close 53 AMI retail stores, as well as its one remaining State retail store. The insurance giant first revealed its plan to close several AMI stores...
The last few years have been tough for Lloyd’s of London as declining performance and complaints about the high cost of doing business in the 330-year old insurance marketplace have grown increasingly loud. In response,...
Many New Zealanders think that the government and the country are on the right track in battling climate change, but are concerned the COVID-19 crisis will get in the way, a study commissioned by IAG has revealed....
Arthur J. Gallagher & Co. (AJG) has reported strong financial results for the quarter ending June 30, 2020, despite the immense challenges presented by the COVID-19 pandemic. The insurance brokerage and risk...
Marsh & McLennan Companies (MMC), the name behind the likes of Marsh and Guy Carpenter , is the latest to shine a spotlight on the impact COVID-19 has had on its operations with the unveiling of its second quarter 2020...
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