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Insurance Business NZ Awards winners

The first ever  Insurance Business New Zealand (IBNZ) Awards  have now been finalised – with a panel of esteemed judges whittling down the winners across 17 hard-fought categories. It was in late 2020 that IBNZ issu...
Deceptive & misleading - consumer advocate urge...

Calls for an inquiry into  Southern Response  have emerged anew, as the tenth anniversary of the February Canterbury earthquake approaches In August 2020, consumers, led by advocate Ali Jones, called for an inquiry into t...
Scientists conduct research on Waikato fault line

GNS Science has launched a research project to examine the earthquake risk in the Waikato, following the recent discovery of a fault line that could potentially generate a 6.7 magnitude earthquake. GNS earthquake geologist Dr Pilla...
ACCC statement of issues over Aon-WTW merger

It’s the turn of the Australian Competition & Consumer Commission (ACCC) to outline preliminary competition concerns over the proposed union involving insurance broking giants  Aon  Plc and  Willis Towers Watson...
Financial Services 2021: what ministerial brief...

The year ahead looks set to bring significant legislative and regulatory change to the financial services sector, including a new financial advice regime, major changes for consumer lending, and significant changes for deposit...
Australia - Permanent changes to continuous dis...

On February 17, the office of Treasurer Josh Frydenberg announced that the temporary changes made by the government to Australia’s continuous disclosure laws last May, instead of expiring next month, will now become permanent...
UK - When a parent can be liable for subsidiary...

An important judgment issued by the UK Supreme Court last Friday sheds light on the issue of when a parent company may be liable for damage caused by a subsidiary. The judgment raises important issues which will be relevant to...
FSC get in shape roadshow insights

Here is our wrap of the FSC Get in Shape roundshow (sic) which has just concluded. We have the first public comments from the new Minister of Commerce, David Clark. The FMA's John Botica smashes a few myths plus we have a report on...
Suncorp & future growth despite hefty ND costs

Suncorp  New Zealand recently reported 19.3% growth in net profit despite a series of costly natural hazard events, and CEO  Jimmy Higgins  says the insurer will be increasing its focus on preparedness, and on the...
COVID-19 vaccine and risk to insurance

It’s been one year since the World Health Organisation (WHO) announced that the disease caused by the novel coronavirus would be named COVID-19, and now, many countries have started to distribute vaccines for the virus to their...

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