Insurance Business New Zealand

04/06/2025

New Zealand Rugby has confirmed a new sponsorship deal with US-based Gallagher Insurance, marking the end of its search for a kit sponsor following the abrupt departure of Ineos Group.

New agreement includes All Blacks, Black Ferns, Māori All Blacks, and national sevens

03/06/2025

Kris Faafoi, CEO of the Insurance Council of New Zealand, stresses that "We need to start treating climate resilience not as an optional extra, but as core infrastructure." The risks from climate change are only growing, demanding a serious shift in national strategy.

Risks from climate change are only growing, says Kris Faafoi

03/06/2025

Canopius is strengthening its APAC leadership! Brodie English and Rob Barnum are stepping into new roles as Head of Casualty for ANZ and Head of Specialty for APAC, respectively.

Appointments signal shift to segmented product oversight strategy

03/06/2025

Allianz Australia has finalized the sale of its insurance premium funding business, Hunter Premium Funding, to Pemba Capital Partners!

This is a "pivotal moment" for Hunter, whose CEO Brad Bartlem says Pemba's resources will "accelerate our growth." Pemba now also holds interests in Arteva Funding, though both brands will operate separately.

New owner also has stakes in Arteva Funding

01/06/2025

Insurance costs have moved up to become the fourth-largest financial concern for New Zealanders, trailing only housing, groceries, and debt, according to the latest data from Consumer NZ.

Trust drops as premiums climb

30/05/2025

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30/05/2025

As New Zealand's public health system grapples with extended wait times and rising medical costs, insurance advisers are stepping up to guide clients through increasingly complex healthcare decisions. nib's Amanda Savill emphasizes the evolving role of advisers in providing timely support and navigating the surge in insurance claims amid mounting health pressures.

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nib's Amanda Savill on how advisers can guide clients through rising claims and health system strain

29/05/2025

A major fire at a recycling facility on Auckland’s North Shore has renewed concerns about the regulatory vacuum surrounding the end-of-life management of lithium-ion batteries in New Zealand.

Insurers, recyclers warn of rising risks

28/05/2025

Businesses are urged to reassess their cargo insurance arrangements as new US tariffs and global trade tensions create significant uncertainty and risk for shipments! Lockton Re warns that sudden changes like order cancellations in transit or pre-dispatch can expose businesses to critical gaps in cover.

How can businesses adapt to growing global economic uncertainty?

27/05/2025

AIA NZ has completed a comprehensive upgrade of its corporate headquarters at Smales Farm in Auckland.

Flexible, modern workspace shaped by employee feedback and needs

26/05/2025

The insurance market is softening, and brokers are facing new challenges! Underwriters Matt Ziegler (UANZ), Matthew Porteous (Market Lane Insurance Group), Ron Curin (Delta Insurance New Zealand), and Andrew McFetridge (NM Insurance) share their insights on navigating this competitive landscape.

Brokers must differentiate themselves with service

25/05/2025

The New Zealand government has begun the legislative process for three bills aimed at simplifying compliance obligations across the financial services industry, including insurance.

First step taken towards streamlining financial regulations nationwide