NZ faces mass withdrawal as earthquake claims stack up – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including the possibility that insurers and reinsurers could stop providing earthquake cover in New Zealand altogether, forcing its government to handle claims.
Zurich New Zealand has followed Ecclesiastical by announcing it will no longer write new quake cover in certain areas of the country, as Deloitte predicts reinsurers could well pull out too.
In other news, law firm Beachcroft has warned that insurers are so focused on personal injury fraud they are missing large-scale credit hire fraud; Axa Assistance has launched its own home emergency service, spurred on by the demise of Rok Insurance Services; and former Biba boss Peter Staddon has vowed to make Devitt "a force to be reckoned with" after joining as personal lines executive director.
Keep up to date with all the latest news as it breaks at www.postonline.co.uk.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
Digital charity paradox: doing more with less creates new risks
View from the Top: As donations fall and demand increases, Alana Muir, head of cyber at Hiscox UK, warns charities adopting technology to maximise efficiency need to be aware their reliance on digital systems could leave vulnerable communities exposed when technology fails.
What does Martin have to do at PIB?
Deputy Editor’s View: As Aviva’s Dave Martin is named PIB Group CEO, Scott McGee looks at what the Bristolian will be tasked with when he takes the reins in the new year.
Q&A: Katie Murrell, Miller
Katie Murrell, director of sport, entertainment, corporate, accident and health at Miller, outlines her plans to grow the specialist broker’s business and help event organisers navigate rising cyber, cancellation and climate-related risks.
Tesco launch; Allianz products; Arkel new boss
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Penny Black’s Social Diary: Howden’s Welcome to Wrexham
Penny Black has been out and about again, notebook in one hand and canapé in the other, keeping a keen eye on the insurance industry’s more whimsical moments.
John Lewis Money hires former Co-op Insurance boss
Former Co-op Insurance managing director Charles Offord has been hired by John Lewis Money as director of financial services, as the business looks to develop its broker model for credit and insurance.
Keeping choice alive in a changing broker market
View from the Top: Michelle Taylor, broker distribution director at Aviva, argues that insurers have a role to play in preserving choice in the broking market, whether brokers choose to consolidate or remain independent.
Insurance sector responds to 2026 Budget
John Healey has delivered his first Budget as Chancellor of the Exchequer today (28 October), bringing in a range of changes for SMEs and UK businesses, but notably failed to act on Insurance Premium Tax rates.