Live News
Court of Appeal confirms Mainzeal directors lia...

The Court of Appeal has delivered its eagerly anticipated judgment in proceedings brought by the liquidators of Mainzeal Property and Construction Ltd against its former directors. Our experts examine the decision and its contribut...
Recognition of Prior Learning ‘warmly received’

ANZIIF  has launched several education pathways for its advisers over the past several years, and CEO  Prue Willsford  said the alternative options to the Level 5 certificate have been incredibly popular – particul...
Insurance & Class Actions

The New Zealand Law Commission is currently exploring whether the benefits of a class actions regime can be realised while also balancing the risks and concerns a statutory regime presents.  ICNZ ’s recent submission to the L...
Flooding catastrophe to hit earnings

The flooding catastrophe in NSW and southeast Queensland will put pressure on insurers’ underwriting results and dampen earnings this year, AM Best says. The event could also put upward pressure on reinsurance rates and lead...
NZ insurance industry - what lies ahead?

The COVID-19 pandemic has impacted the insurance industry in New Zealand, forcing insurance providers to assess and address the damages and determine the emerging risks brought by the unstable environment. Now, insurance professionals...
Lloyd's slips into the red in full-year financials

Lloyd’s has released its preliminary financial results for the 12 months ended December 31, 2020, and the full-year numbers show the insurance marketplace in the red. From the £2.5 billion (around NZ$4.92 billion)...
Delta Insurance makes leadership shuffle

New Zealand-based  Delta  Insurance Group has made several changes to its leadership in preparation for what it says will be major growth push taking place this year. Current Delta New Zealand CEO  Craig Kirk...
Christchurch – cycle thefts rise

Police have urged cyclists in Christchurch to coordinate with their insurance companies following a rash of bike thefts across the city. Christchurch police said they have seen over 166 bike thefts in the city over the past six...
Suez Canal blockage could be a ‘large loss event

Fitch Ratings has warned the reinsurance industry faces a “large loss event” from the blockage in the Suez Canal after the colossal Ever Given container ship ran aground about a week ago, closing access to one of the...
Microsoft attack could bring a rush of claims

Cyber analytics specialist CyberCube is warning the insurance industry of the potential for a large volume of claims related to cyberattacks on the servers running Microsoft’s email services. Tens of thousands of Microsoft...

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