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Corporate

Tower runs up bigger half-year loss

30 May 2016

New Zealand insurer Tower’s net loss for the half-year to March 31 has blown out to $NZ8.7 million, with impairment charges and adjustments to provisions for the Canterbury earthquakes accounting for the additional loss…

Delta doubles cover with Antares

30 May 2016

New Zealand underwriting agency Delta Insurance has partnered with Lloyd’s managing agent Antares to double its liability cover to $30 million…

Vero returns to old commission level

23 May 2016

Just over two years since Vero made its unpopular decision to slash broker commission on personal lines policies by 7.5%, they are returning to the old level of 22.5%…

China focus in Ensurance comparison site deal

23 May 2016

Broker and insurance technology innovator Ensurance has announced a deal with financial services group N1 Holdings to provide domestic insurance to N1’s comparison website…

Bank exposure ‘a drag’ on Suncorp

23 May 2016

Fitch Ratings has affirmed Suncorp Group’s long and short-term issuer default ratings at A+ and F1 respectively, but has warned that the group’s bank exposure offsets overall strength…

S&P enhances QBE outlook

16 May 2016

Standard & Poor’s has upgraded its rating outlook on QBE from stable to positive, based on expected improved earnings, less volatility and a return to top-line growth…

Stream names new company secretary

16 May 2016

Claims service provider Stream has announced the resignation of Company Secretary Ben Raftery, just six months after his appointment…

QBE chief backs climate change protests

09 May 2016

QBE should encourage government and policyholders to tackle climate change, Group CEO John Neal says – despite environmental protesters calling for more direct action from the insurer…

Premium funder exits NZ market

09 May 2016

Centrepoint Alliance Premium Funding has pulled out of the New Zealand market, one year after announcing its expansion there…