New Zealand market News

Howden Broking Launches New Zealand Operations

Howden, the international insurance broker, announces the launch of operations in New Zealand with Howden Broking and Howden Care — its local workplace claims management, rehabilitation and wellness business. The launch reinforces Howden’s ambitious growth plans in the region since …

New Zealand Is 1st Country to Pass Climate Change Disclosure Laws for Insurers, Banks

New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday. About 200 of the largest financial firms in New Zealand, …

Arthur J. Gallagher & Co. Buys New Zealand’s Matt Jensen Insurance Brokers

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Taupo, New Zealand-based Matt Jensen Insurance Brokers Ltd. Terms of the transaction were not disclosed. Founded in 2005, Matt Jensen Insurance Brokers provides a comprehensive range …

New Zealand Raises Fines for People and Companies that Break COVID-19 Rules

WELLINGTON – New Zealand on Friday [Sept. 17] announced higher fines of up to NZ$12,000 ($8,400) for individuals breaching coronavirus restrictions amid concerns that the current outbreak may spread beyond Auckland to other regions due to people breaking rules. “Our …

Heavy Rain Causes Floods in New Zealand’s Canterbury Region, Forcing Evacuations

WELLINGTON, New Zealand (AP) – Several hundred people in New Zealand were evacuated from their homes Monday with some recounting dramatic helicopter rescues as heavy rain caused widespread flooding in the Canterbury region. Authorities declared a state of emergency after …

New Zealand Becomes 1st Country to Introduce Climate Change Law for Insurers, Banks

New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said on Tuesday. All banks …

BHSI Launches Management Liability & Association Liability Cover in New Zealand

Berkshire Hathaway Specialty Insurance Co. (BHSI) has expanded its executive & professional lines offerings in New Zealand with the introduction of Management Liability and Association Liability Insurance policies. BHSI’s Management Liability policy is designed to address the wide range of …

BHSI Launches Professional Technology Liability Cover in Australia, New Zealand

Berkshire Hathaway Specialty Insurance (BHSI) announced that it has launched Professional First Technology Liability Insurance policies in Australia and New Zealand. Both policies offer broad, customizable professional liability protection for the full scope of services provided by technology and tech-related …

Catastrophe Insurance Data Firm PERILS Expands Coverage to New Zealand

PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced it has extended its market coverage to include New Zealand. PERILS is now making available market-wide property sums insured exposed to the perils of earthquake, flood and extratropical …

Massive Fire Breaks Out at N. Zealand Convention Center Building Site

New Zealand’s flagship international convention center project faces further significant delays as a fire at the central Auckland construction site continues to burn more than 22 hours after breaking out. The fire, which began on Tuesday afternoon, had engulfed the …