Humans of NZI
Meet NZI’s new EM Operations and Governance, Nancy So
Driving positive change through good processes and creative thinking has always motivated Nancy So, who has recently been promoted into the new role of executive manager operations and governance for NZI. Born in Guyana in ...Feature
By Mark Taylor Chartered Loss Adjuster, Major & Complex Loss (MCL) Global Pr...
Bushfires are a foreign disaster for New Zealand. Although there have been wildfires in the past, none have been as intense as the recent cases in Australia. The climate in New Zealand is different, and the land isn’t expansive an...Feature
When is a broker obliged to clarify terms with the underwriter? By Andrew Ho...
The English High Court repeated the question “Why take the chance, why not just do it?” when assessing whether an insurance broker, Edge, was obliged to clarify unusual policy terms with underwriters in order to protect it...
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Andrew Horne and Nick Frith, Minter Ellison Rudd Watts
Class actions, which under our current rules, are representative actions, are now firmly part of the New Zealand legal landscape. They are also of significant interest to insurers, both in terms of their own potential exposure (e.g....SPOTLIGHT ON
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Dinesh Murali is the chief executive and managing director of Kiwi underwrite...
Tell us about your career so far and how long you’ve been in the insurance market? I’ve been in the insurance business – wholly in New Zealand - for around 15 years. I actually got into the game by accident: I...SPOTLIGHT ON
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More than two months into the new regulatory regime, how have brokers coped w...
The Financial Services Legislation Amendment Act 2019 (FSLAA) came into effect on 15 March, marking a major change for insurance brokers and the wider financial advice sector. The changes were designed to improve financial advice...Feature
Andrew Horne and Nick Frith, Minter Ellison Rudd Watts
On Christmas Day last year, the Reserve Bank of New Zealand suffered a cyber attack. The attack involved a malicious actor gaining access to a third party file sharing application named Accellion FTA, which the Reserve Bank used to...Feature
Kiwi underwriting agency Delta Insurance Group has hired Kent Chaplin, a former senior executive at Lloyd’s of London, as its chief operating officer. Chaplin is a former chief executive and regional head for Lloyd’s in...
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By Jon Winsbury and Craig Furness, Gallagher Bassett
The topic of climate change is rapidly rising in prominence on the global public agenda. And, as the world experiences endless parades of catastrophes and significant events on top of the pandemic, claims surge events have become...Feature
Suncorp New Zealand recorded strong profits in the six months to December and continues to support customers facing Covid-related financial hardship. The insurance group announced a net profit after tax of NZ$129 million for the...
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Every art collection faces a range of physical exposures, and natural disasters such as cyclones, earthquakes, and bushfires are all potential risks. However, most art losses are due to transit, water, fire, theft, inadequate storage,...
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Some of the risk and insurance sector’s leading voices met online to discuss the rising threat of climate risks and how to tackle the issue in New Zealand. Research firm CoreLogic hosted a virtual event, ‘Moving ahead...
Humans of NZI
NZI’s Richard Whitehead shares how his determination to get back on his feet ...
Determination, resilience and compassion are attributes that Richard Whitehead, Claims Relationship Manager for NZI, takes into both his personal and professional life. Having recently celebrated his 20-year anniversary with NZI,...Feature
When insurance premiums rise, brokers need to have some frank conversations w...
Insurers in New Zealand, the Pacific region, and across the rest of the globe have increased premium rates in the past year due to a perfect storm of Covid-19, reduced investment returns, and natural catastrophe events. As rates rise...Feature
Premiums are rising across most parts of New Zealand, and a multitude of fact...
As a small island nation prone to natural disasters, New Zealand is a difficult place for insurance underwriters. Over the past year, insurance premiums have begun to rise across the country following a series of natural catastrophe...
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