Insurance Business New Zealand

Allianz SE reaches a record $30.7 billion brand value, strengthening its position as the world's leading insurance brand for the eighth consecutive year. Read more about what's driving Allianz's global brand success. hubs.la/Q04DWhdm0

Samsung Fire & Marine Insurance, KKR, and Korea Investment Corporation are reportedly acquiring the remaining 60% stake in Canopius in a deal valued at around US$2.2 billion. hubs.la/Q04DQ5Gs0

Mark Jones of Gallagher says business email compromise, phishing, and payment fraud account for 44% of cyber claims among New Zealand clients, while social engineering remains one of the most inconsistent areas of cyber coverage. hubs.la/Q04DPY520

R&W claims are getting bigger, and insurers are taking notice. Gareth Rees of Liberty Global Transaction Solutions (GTS) says rising claim severity is driving discussions around policy terms, retentions, and coverage limits, especially for smaller deals. hubs.la/Q04DKZrr0

New leadership appointment at AIG New Zealand. Darrin Madgwick has been named head of client and broker engagement, bringing 30+ years of experience across broking, underwriting, and claims to strengthen broker relationships and drive growth. hubs.la/Q04DKXsh0

Who should pay when the next natural disaster strikes? New Zealand's political parties agree insurance will remain central to recovery, but differ on how disaster costs should be shared between insurers, councils, and the government. hubs.la/Q04DKXht0

Aon is increasing its Aon Client Treaty capacity to 35% of eligible placements from 2027. Joe Peiser of Aon says the move will provide faster access to capacity and support growing demand for facultative reinsurance globally. hubs.la/Q04DtT650

Cruise medical claims are averaging 50% more than on-land claims. Jess Strange of Southern Cross Travel Insurance says older travellers account for nearly 80% of paid cruise medical claims, reinforcing the need to check coverage before departure. hubs.la/Q04DtSvG0

#IBTV: Warren Zietsman, CEO of Taut Sec, discusses why cyber insurance and cyber preparedness should no longer be treated as separate conversations. hubs.la/Q04DtRB70

Swiss Re posted US$4.2 billion in profit for the first nine months of 2026, but new P&C reinsurance business margins fell 28% as competitive pricing pressure intensified. hubs.la/Q04DtRpt0

Premium growth in a soft market isn't always a win. Jaydon Burke-Douglas of Antipodean Underwriting says underwriting discipline, local authority, and smart capacity deployment are key as Pacific commercial insurance rates decline. hubs.la/Q04DtR8Q0

AIG's international commercial business is gaining momentum. AIG reported 13% premium growth in its International Commercial segment and improved margins in Q3, while North America faced greater catastrophe-related pressure. hubs.la/Q04DkPbl0

Regulatory expectations are growing, but confidence in regulatory proportionality is falling. The latest FMA survey shows declining stakeholder support for the regulator's approach as its oversight responsibilities continue to expand. hubs.la/Q04DkNBW0

New Zealand firefighters have voted for extended strike action ahead of summer. FENZ warns the planned stoppages could create emergency response gaps as elevated wildfire risk emerges across parts of the country. hubs.la/Q04DkNj10

Bruce Swain, President and CEO of Crawford & Company, reported improved operating results for the third quarter of 2026, with net income up 21% for the quarter and 24% year-to-date. hubs.la/Q04D8Z2t0

Could a Long Covid claim be denied under a mental health exclusion? Tim Gunn says some income protection claims are being declined based on broad mental health exclusion wording tied to previous diagnoses, sparking legal and industry scrutiny. hubs.la/Q04D8Yzn0

How reliable are the financial statements brokers depend on? The FMA's latest audit review found that 1 in 5 audited files fell short on key compliance requirements, highlighting ongoing concerns around verification and valuation processes. hubs.la/Q04D8YhQ0

Fresh flood warnings are putting South Island communities on alert. Insurance Council of New Zealand (ICNZ) data shows insured weather losses are already nearing last year's total, while brokers face growing challenges placing cover in flood-prone areas. hubs.la/Q04D1-Yc0

Should loyal customers pay more than new ones? Chris Hipkins and New Zealand Labour have proposed banning insurance loyalty pricing, preventing insurers from charging existing customers more than new policyholders for similar cover. hubs.la/Q04D1-Ql0

A new Lloyd's-backed player is entering New Zealand's commercial property market. Michael Brown has launched Encept, a Lloyd's-approved coverholder focused on faster underwriting decisions and hard-to-place commercial property risks. hubs.la/Q04CWgHJ0