BMS Risk Solutions (BMS) has appointed Mr Nathan Richmond as director BMS Auckland. In his new role, Mr Richmond will direct BMS' North Island expansion in collaboration with operations in Christchurch and Dunedin, while also contributing to the group's strategic goals. He will manage the Auckland operational team.
New nationwide research from insurers AMI, State and NZI reveals that climate concerns have grown to the point that 86% of people would now consider climate risk when choosing a home, compared to 55% only two years ago, said IAG New Zealand.
The Ardonagh Group, one of the world's largest independent insurance broking platforms, has entered into a Scheme Implementation Deed (SID) to acquire all of the issued ordinary shares in PSC Insurance Group.
Fidelity Life, New Zealand's largest independent life insurer, has launched a promotional campaign offering three months of free premium coverage to new clients.
The Insurance Council of New Zealand (ICNZ) welcomes the first reading on 2 May 2024 of the Contracts of Insurance Bill, saying the overhaul of the legislation is well overdue.
Insurance rates in the Pacific region declined by 2% in the first quarter of 2024, according to the "Global Insurance Market Index" published by Marsh.
The Insurance Council of New Zealand (ICNZ) has endorsed findings that New Zealand needs to act decisively in the face of natural hazards risks to ensure insurance is affordable and available in the future.
The insurance industry in New Zealand is moving towards greater use of risk-based pricing for residential dwelling insurance, meaning that the value of insurance premiums is more tailored to the specific risks a property faces (e.g. seismic or flood), according Reserve Bank of New Zealand financial stability assessment and strategy director Kerry Watt.
Mid-tier non-life insurer Tower is expected to decrease its expense ratio over the medium term as the company grows its premium base and improves efficiency through IT transformation, according to AM Best.
Renowned for their friendly temperament and loyal disposition, Labradors, Cavoodles, and Golden Retrievers came out on top as the most popular canine companions insured in terms of volume, according to Southern Cross Pet Insurance.