Coface has appointed Mr James Yau as Head of Commercial, Southeast Asia (SEA) and Head of Mid-Market, APAC.
The Insurance Council of Australia (ICA) and the Insurance Council of New Zealand (ICNZ) will jointly work to establish a Resilient Insurance Markets Initiative, a formal partnership to coordinate advocacy, share expertise, and build more resilient communities across the region.
New Zealand's insurance sector is calling on all political parties to replace the current Fire and Emergency New Zealand (FENZ) levy with a simpler Community Protection Levy, redirecting funding into reducing natural hazard risk before disasters strike while moving FENZ to sustainable Crown funding.
New Zealand has introduced a new prudential levy on banks, non-bank deposit takers, insurers, and other financial market participants in the country. The new levy will help cover the costs of services provided by the Reserve Bank of New Zealand.
New Zealand's Financial Markets Authority (FMA) has released its 2026 Climate-related Disclosures Insights Report, noting encouraging progress in reporting practices and a growing maturity across climate reporting entities (CREs), alongside areas for improvement to support more informed decision-making.
Gallagher Re has appointed Mr Carlos Grijalva as Executive Director, Head of Cyber for APAC.
Zurich Insurance has announced the promotions of Mr Giles Crowley and Mr Kin Lee to its APAC commercial insurance business. Mr Crowley has been promoted to Head of Customer and Distribution Management (CDM), APAC, and Mr Lee to Head of Energy, APAC.
Munich Re has announced the retirement of Mr Daniel Cossette, who has decided to conclude his tenure after 19 years. He is succeeded by Mr Gavin Maistry as Chief Executive for Life and Health APAC and MEA.
New Zealand plans to amend the country's climate law to prohibit liability arising from climate change damages. The Government has clarified that these amendments will provide businesses with certainty around their obligations.
As of 31 March 2026, there are 4m life insurance covers across New Zealand, against an estimated population of 5.35m. At the same time, annual life insurance premiums reached NZ$3.31bn ($1.93bn), up 2.7% y-o-y, even as cover numbers continue to fall.