Feature
Liquidators have been appointed to CBL insurance. Kare Johnstone and Andrew Grenfell, partners of McGrathNicol, were appointed by order of the High Court at the end of February. NZX suspended the CBL Corporation stock over con...
Feature
Insurers have welcomed a government decision to appoint a ministerial adviser to the Earthquake Commission (EQC). EQC Minister Megan Woods said the new position would give her advice on the settlement of the 2600 outstanding Canter...
Stories
Burglary, theft and aggravated robbery is becoming a big problem for small retail outlets, and the number of reported incidents of violence against dairy and liquor store owners, staff and customers during robberies is high. Now th...
Stories
Next best thing to fees-free studies You may have heard that the Government announced fees-free tertiary education and training for all New Zealand students who finish school in 2017, or will finish school during 2018. They...
Stories
Vero has confirmed that it will release the second edition of the SME Insurance Index in April 2018, following the successful New Zealand launch of the Index last year. “After we released the research last year, we surveyed...
Stories
Insurers settled 70,000 claims arising from extreme events in 2017. These included claims arising from the Kaikōura earthquake, extreme weather events and residual Canterbury claims. “2017 was a year that tested the...
Stories
The Kaikoura earthquake recovery is progressing well, according to data from the Insurance Council of NZ. The insurance sector exceeded its goal of having a majority of claims settled by the end of 2017. At the end of...
Stories
IAG’s first-half earnings were buoyed by an absence of natural disasters. Its New Zealand earnings rose to A$119 million in the six months ended December 31, up from A$36m a year earlier. That was mostly due to a 15%...
Stories
Suncorp has reported a profit boost of 81% for its New Zealand business unit.. The group reported net profit of A$452 million for the six months to the end of December. In New Zealand, it pulled in $67m. Suncorp New...
Stories
The Insurance and Financial Services Ombudsman Scheme has farewelled Dame Paula Rebstock after eight years as chair, and welcomed Sue Suckling as her replacement. “Dame Paula made an outstanding contribution and oversaw...
