Around 10,000 homes in four major cities of New Zealand could become difficult to insure in another decade ahead and this could make them ineligible for any mortgage or lending facilities, according to a new report released by New Zealand's Ministry for Cities, Environment, Regions and Transport (MCERT) and Statistics New Zealand.
Tokio Marine Kiln (TMK) has appointed Mr Oliver Wilcox as Head of Energy within its marine and energy division.
Coface has promoted Mr Zach Spencer to the role of Head of Risk Underwriting, APAC. He leads the company's risk underwriting teams across the region.
Insurers in New Zealand have called upon the Government to replace the Fire and Emergency New Zealand (FENZ) levy on insurance policies, saying the current system is outdated, not fit-for-purpose, and unnecessarily adds to the cost of insurance for households and businesses.
Vontobel, an investment management firm, has appointed Mr Emmanuel Archampong as Head of Insurance Solutions in APAC. His appointment comes as part of the firm's growth ambitions in the insurance sector, a strategic focus area for its institutional clients business.
Ageing New Zealanders are finding it difficult to make the two ends meet as the surging cost of living hits them hard, according to a new survey.
Marsh Re has announced the appointments of Mr James Beedle to its Pacific board of directors, subject to regulatory approval, and Mr Justin Ward as CEO of APAC.
Willis, a WTW business, has appointed Mr Trevor Madden as Head of Captive and Insurance Management Solutions for APAC, effective 1 November 2026.
Zurich Singapore has appointed Mr Dylan Bryant as Head of Zurich Multinational and Captives, APAC, and Mr Patrick Fyson as Head of Property, Asia.
New Zealand's Financial Markets Authority (FMA) Chair Mr James Miller has advised that Chief Executive Ms Samantha Barrass, has confirmed to the board her earlier decision that she does not seek a renewal of her term when it expires in January 2027.