Appointments
IAG New Zealand CEO Amanda Whiting confirmed the appointment of Rachael O’Brien as chief risk officer. O'Brien has been serving in the role on an acting basis since July 2023, when the insurer’s executive team was t...
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Insurance & Financial Services Ombudsman Karen Stevens said proposed changes to insurance contract law would make contracts “fairer and easier to understand” for consumers. Stevens described the Contracts of Insuran...
Insurance
NZI celebrated its 165th birthday, marking its status as one of New Zealand’s oldest brands. Established in 1859 - 39 years before the first car arrived in NZ - the company began life underwriting policies from a local ...
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New Zealanders who own properties at risk of floods or earthquakes may be unable to afford insurance coverage, the Reserve Bank warned. Rising premiums may make home insurance "increasingly unaffordable" for households,...
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The Insurance Brokers Association of New Zealand urged home buyers to think with their heads rather than their hearts when committing to a real estate purchase. New actuarial data supplied to Treasury shows house insurance premiums...
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Auckland-headquartered Delta Insurance has opened a new office in Papamoa in the Bay of Plenty, following its international expansion into Singapore and Australia. Located in the Tauranga suburb, the central region office...
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Suncorp Group announced the sale of its New Zealand Asteron Life business to focus on its general insurance operations. The Australia-based group said the transaction continued the reshaping of the company, and would position its...
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New research from insurers AMI, State and NZI revealed that 86% of people would now consider climate risk when choosing a home, compared to 55% just two years ago. The research found that house hunters rank weather and natural...
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Melissa Cantell, appointed last year to lead Aon’s NZ business, speaks to CoverNote about her experiences in the industry and her hopes for the sector. Cantell’s career has included spells as chief executive officer at...
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The government has introduced its Contracts of Insurance Bill, with the proposed law passing its first reading on 2 May. Under the bill, insurers would bear the greater burden of disclosure obligations. Opposition parties have...
