New Zealand P&C insurers to see weak profits in 2023
This is due to the recent catastrophic events that occurred in the country. A study revealed that property and casualty...
Delta To Amalgamate Delta Insurance New Zealand And Delta Property Businesses Into Single Entity
Award-winning underwriting agency Delta Insurance is today announcing that it will amalgamate its Delta Property Insurance business into Delta Insurance...
APRA plans to remake four life insurance prudential standards
The standards are set to be remade before 1 April. The Australian Prudential Regulation Authority (APRA) announced that it would...
New Zealand insurers’ payouts for Auckland floods reach $111mn: ICNZ
According to provisional general insurance claims data released by the Insurance Council of New Zealand (ICNZ), insurers have paid around...
Auckland floods, Cyclone Gabrielle to cost insurance industry more than $1b
Insurance Council head Tim Grafton said insurers have already paid out about $111 million and expect the bill to keep...
Around 40,000 flood-prone homes across New Zealand to lose insurance in next 20-30 years – expert
A large number of homes across Aotearoa are at risk of flooding, but one expert says inadequate investment means there's...
New Zealand’s flooding disaster and the case for socialism
As a result New Zealand’s major banks reported record profits of $9.7 billion last financial year alone. The vast wealth...
Natural Disaster Insurance Flows Could Support New Zealand Dollar says CBA
Commonwealth Bank of Australia analysis suggests settlement of the insurance bill for February's natural disasters could be marginally supportive of...
Youi announces new boss as founding CEO retires
Insurance company, Youi Holdings Limited (Youi), has announced a new CEO. In a media release, the Queensland headquartered firm said...
New Zealand’s new leader Hipkins cuts many contentious plans
WELLINGTON, New Zealand (AP) — New Zealand's new Prime ... a plan to merge the nation's public television and radio...