New Zealand News

CGNU TO SELL STATE INSURANCE

Following a review of its New Zealand p/c business, CGNU, the U.K.’s largest insurer, announced plans to sell its affiliate...

AXA Merging Australian Fund Groups

In a move calculated to streamline its operations in Australia and new Zealand, France’s AXA announced that it was combining...

New Zealand Nonlife Rates To Rise

Excess capacity, intense competition, inadequate premium rates and a high level of claims resulted in a very poor earnings performance...