Insurance Business New Zealand

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

James Baum of WTW says notice periods and team-based servicing reduce the risk of large-scale broker disputes, though regulatory reforms could change the landscape. hubs.la/Q04CWf_V0

Lockton has opened a Wellington office, completing its presence across New Zealand's major commercial centres. hubs.la/Q04CLbrt0

AA Insurance has exceeded NZ$1 billion in premiums, but profit fell 15% as claims costs climbed. hubs.la/Q04CLbpv0

Binance faces its biggest security crisis yet after a record-breaking crypto theft. hubs.la/Q04CSf7j0 #CyberSecurity #CryptoRisk #CyberInsurance #RiskManagement

Cyber insurance is evolving to address the human impact of cyberattacks. hubs.la/Q04CQgK20

DXC Technology's Michael Neary says a brokerage's technology needs should be based on the economics of its business and client base, not simply its size. He also notes that smaller firms can sometimes transform more easily than larger organizations. hubs.la/Q04CLb3x0

🐾 Pet ownership is reshaping workplace benefits conversations in New Zealand. Read more about the survey findings and what they could mean for employers, employees, and brokers. hubs.la/Q04CB44v0

Paul Johnston, CEO of Tower Insurance, says New Zealand should explore funding models that generate returns when relocating climate-risk homes, as insurers adopt more granular property-level risk pricing. hubs.la/Q04CQg5D0

A ransomware breach at a third-party vendor is highlighting the growing importance of supply chain cyber risk. Read more about the implications for cyber risk and insurance. hubs.la/Q04CB40c0