Insurance

Forsyth Barr analysts highlight ‘tempered outlook’ for Tower after the insurer raises annual profit expectations but lowers premium growth guidance again

Forsyth Barr analysts highlight ‘tempered outlook’ for Tower after the insurer raises annual profit expectations but lowers premium growth guidance again

Tower sees higher annual profit, lower gross written premium growth and bemoans ongoing Canterbury earthquake costs

Tower sees higher annual profit, lower gross written premium growth and bemoans ongoing Canterbury earthquake costs

Finance and Expenditure Committee moves to wrap up banking inquiry without input from reinsurers, despite recommendation from Parliamentary Commissioner for the Environment

Finance and Expenditure Committee moves to wrap up banking inquiry without input from reinsurers, despite recommendation from Parliamentary Commissioner for the Environment

IAG NZ self reporting to FMA results in civil court case alleging breaches of the Financial Markets Conduct Act

IAG NZ self reporting to FMA results in civil court case alleging breaches of the Financial Markets Conduct Act

Forsyth Barr analysts estimate Tower will report an underlying half-year net profit of close to $60 million thanks to mild weather, while the insurer’s largest shareholder Bain Capital sells stake for $89 million

Forsyth Barr analysts estimate Tower will report an underlying half-year net profit of close to $60 million thanks to mild weather, while the insurer’s largest shareholder Bain Capital sells stake for $89 million

Global natural disasters cost insurers billions in 2024 but New Zealand stayed relatively unscathed

Global natural disasters cost insurers billions in 2024 but New Zealand stayed relatively unscathed

Southern Cross Pet Insurance hits 65,000 customers as rising vet costs and pandemic trends fuel growth

Southern Cross Pet Insurance hits 65,000 customers as rising vet costs and pandemic trends fuel growth

Countdown begins for final settlement offers from government’s on-sold property programme for Canterbury homeowners with earthquake-damaged properties

Countdown begins for final settlement offers from government’s on-sold property programme for Canterbury homeowners with earthquake-damaged properties

Nib New Zealand reports $10.9 million loss as claims inflation and economic pressures mount

Nib New Zealand reports $10.9 million loss as claims inflation and economic pressures mount

IAG New Zealand reports $2.1 billion from insurance premiums in half-year result as premium growth rises across direct, broker, and bank channels

IAG New Zealand reports $2.1 billion from insurance premiums in half-year result as premium growth rises across direct, broker, and bank channels

Suncorp New Zealand’s half-year profit soars past full-year 2024 result, but insurance premium growth slows

Suncorp New Zealand’s half-year profit soars past full-year 2024 result, but insurance premium growth slows

Tower Insurance warns New Zealand needs to clarify climate adaptation funding to avoid California-style insurance crisis amid rising natural disaster risks

Tower Insurance warns New Zealand needs to clarify climate adaptation funding to avoid California-style insurance crisis amid rising natural disaster risks

Insurance premiums rise nationwide with Wellingtonians and Cantabrians paying up for general insurance & Aucklanders for car insurance

Insurance premiums rise nationwide with Wellingtonians and Cantabrians paying up for general insurance & Aucklanders for car insurance

New Zealand ranks second in OECD for natural disaster costs as infrastructure faces rising risks

New Zealand ranks second in OECD for natural disaster costs as infrastructure faces rising risks

Suncorp Group receives first payment for Asteron Life sale after acquisition's completion

Suncorp Group receives first payment for Asteron Life sale after acquisition's completion