New Zealand
Foundation Life (NZ) focuses on restructuring life insurance portfolio
Foundation Life (NZ) focuses on restructuring life insurance portfolio
If the proposed scheme is completed, the company is seen to cease insurance activities.
Chubb New Zealand to adjust capital strategy within 24 months
It is also expected to receive substantial support from its parent.
First Insurance Limited’s position weakest in peer group
Fitch assesses New Zealand and Australian life insurers in a peer review.
VPIS posts steady 4.0% return-on-equity over five years
AM Best also assessed its operating performance as adequate.
New Zealand’s insurers maintain strong solvency under strict regulations
Demand for non-life insurance is driven by exposure to natural hazards.
Chubb appoints Howell as head of general insurance for Australia, NZ
He will report to Marcos Gunn, regional president of APAC.
Police Health Plan maintains a robust balance sheet
It benefits from a high penetration rate within the police force.
nib NZ maintains solid underwriting earnings
Its capital adequacy remains sturdy.
Accuro pulled out from AM Best’s roster
UniMed, the receiver of the portfolio, is now the third-largest health insurer.
S. Korean insurers’ Q124 profits plummet by 11.1%
This was equivalent to $3.58b.
Rising claims spark fears amongst New Zealand home buyers
CEO urges insurers to ensure insurance accessibility.
BMS appoints new Auckland director
Richmond previously with Marsh in various global roles.
Pinnacle Life sees steady operating performance
AM Best projects the insurer to have a stable outlook against a solid balance sheet.
New Zealand supports comprehensive reform of insurance legislation
The ICNZ also pledges to collaborate with the government and regulators.
Peak Re reports ‘best-ever’ earnings with $200m in FY’23
Favourable January renewals are seen to sustain strong underwriting margins.
NZ general insurance GWP to grow 7.3% annually
The industry is seen to climb 8.3% in 2024.
Which pet breeds are the most expensive to insure?
Southern Cross Pet Insurance paid a total of AU$30m in claims last year.
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