Archive

New Zealand insurers' solvency plunges after earthquake stress test

Reserve Bank of New Zealand emphasises test was intentionally severe

New Zealand regulator warns of unaffordability of cover from risk-based pricing trend

Change from community-based approach could come quickly, RBNZ warns

Tower taken to court by NZ regulator over alleged loyalty discounting failures

Tower hones in on risk-based pricing and more parametric covers

New Zealand group shifts strategy after large losses in 2023

Tower flags more risk-based pricing after large losses double

New Zealand firm's combined ratio hit 105.3% in six months to March

Tower nearly doubles loss estimate for NZ flooding

The firm also expects up to NZ$75m in losses from cyclone Gabrielle

RBNZ consults insurers and banks on managing climate change risk

The New Zealand regulator's consultation closes on 7 June

New Zealand insurer Tower appoints Sharyn Reichstein as CRO

She will start her new role in July

NZ firms trumpet second-event reinsurance as cyclone Gabrielle follows floods

Underwriters expect Gabrielle's costs to exceed 2016's Kaikoura earthquake bill of NZ$2.3bn

Auckland floods lead IAG to flag full-year cat costs beyond A$1bn

Australasian insurers making full use of reinsurance programmes