Insurance Business New Zealand

Insurance Business New Zealand Insurance Business New Zealand is Aotearoa's leading online news source for insurance brokers, underwriters, claims professionals, and advice practitioners.

New Zealand's leading insurance news source for brokers, underwriters, claims professionals, and advice practitioners across Aotearoa — covering professional risks, life insurance, cyber, marine, claims, and catastrophe. We deliver daily breaking news, in-depth analysis, and specialist coverage across the lines that matter most to New Zealand brokers: professional risks, life insurance, cyber, marine, claims, catastrophe and flood, travel, and the broader forces reshaping insurance markets across Aotearoa. We cover the key regulatory and industry bodies shaping New Zealand insurance, including the FMA, RBNZ, and the Insurance Council of New Zealand, tracking the compliance obligations and market developments that affect brokers and underwriters across the country. Beyond daily news, IB Talk, our podcast, and Insurance Business TV, our video interview series, bring conversations with the executives and market figures driving the New Zealand insurance industry. Subscribe to our free newsletter: insurancebusinessmag.com/nz/newsletter/

Each year we recognise excellence through our Best in Insurance special reports, including the Hot List, Global 100, 5-Star Technology Providers, and Top Claims Carriers, and we have previously hosted the Women in Insurance Summit New Zealand. Interested in reaching New Zealand's insurance community? Visit info.insurancebusinessmag.com/media-kit-ib-nz-2026/p/1

A significant disclosure has emerged in the proposed Steadfast Group takeover.Pentwater Capital Management reported a ca...
11/09/2026

A significant disclosure has emerged in the proposed Steadfast Group takeover.

Pentwater Capital Management reported a cash-settled equity swap linked to 60.6 million Steadfast shares, equal to about 5.45% of shares on issue, as the acquisition process moves forward.

Read more: https://hubs.la/Q04xczdV0

Pentwater Capital's cash-settled equity swap equals 5.45% of Steadfast shares on issue as the scheme awaits a vote

Broker M&A is entering a new phase. Igno van Waesberghe of Aquiline says a buyer “logjam” is slowing acquisition activit...
11/09/2026

Broker M&A is entering a new phase. Igno van Waesberghe of Aquiline says a buyer “logjam” is slowing acquisition activity despite major headline deals, with integration, specialization, and operational strength becoming key differentiators.

Read more: https://hubs.ly/Q04x9-Rx0

Headline-making transactions conceal falling deal volumes and a shrinking pool of acquirers

A cyberattack on Zenith Technology (ZenTech) is putting third-party risk and breach notification obligations under the s...
11/09/2026

A cyberattack on Zenith Technology (ZenTech) is putting third-party risk and breach notification obligations under the spotlight.

The incident highlights the growing cyber exposure facing organizations that manage sensitive health and clinical trial data.

Read more: https://hubs.ly/Q04x9-FN0

The Privacy Act 2020 notification clock starts when the contractor becomes aware of a breach - not when they tell the client. For brokers that is the policy question the ZenTech case puts on the table

Innovation and impact took center stage at the FSC Awards 2026. 🏆Fidelity Life, nib New Zealand, and AIA New Zealand ear...
10/09/2026

Innovation and impact took center stage at the FSC Awards 2026. 🏆

Fidelity Life, nib New Zealand, and AIA New Zealand earned top honors for claims technology, community engagement, and ESG leadership, highlighting key priorities shaping the insurance sector.

Read more: https://hubs.la/Q04x4gvh0

Claims technology investment is accelerating at a moment when life and disability disputes are at a recorded high

Underinsurance doesn't start at claim time. It starts at renewal.Patrick Hunter of Lockton says focusing on premium savi...
10/09/2026

Underinsurance doesn't start at claim time. It starts at renewal.

Patrick Hunter of Lockton says focusing on premium savings instead of proper valuations can create costly coverage gaps that only emerge after a loss.

Read more: https://hubs.la/Q04x4g5n0

Rate reductions are freeing up client budget and the underinsurance that shows up at claim time usually started as a premium decision

Bank impersonation scams surged to their highest monthly level of 2026 in August, with Netsafe reporting 34% of imperson...
10/09/2026

Bank impersonation scams surged to their highest monthly level of 2026 in August, with Netsafe reporting 34% of impersonation cases involving banks.

The rise comes as New Zealand’s updated banking compensation framework redraws where liability begins — leaving gaps between what banks reimburse and what insurance policies cover. For brokers, the challenge is twofold: guiding clients on procedures to avoid scams, and reviewing whether cyber or financial lines policies respond to social engineering losses.

Read more on how reimbursement and coverage lines are blurring.

https://hubs.la/Q04w_kHn0

A tightening bank compensation framework is redrawing where insurer liability begins, exposing gaps in cyber and financial lines products that clients rarely examine before a loss occurs

Cultural loss now has a methodology — but insurance doesn’t yet have a response.Two reports released in August highlight...
09/09/2026

Cultural loss now has a methodology — but insurance doesn’t yet have a response.

Two reports released in August highlight the gap: the FMA found current insurance settings fail to accommodate whenua Māori and collective ownership, while the Natural Hazards Commission introduced the first flood model to measure cultural impacts alongside physical and economic damage.

For brokers, the challenge is clear: cultural loss is now measurable, but policy frameworks don’t account for it. The conversation starts here.

https://hubs.la/Q04w_kGy0

New measurement tools are outpacing policy language, leaving brokers without a framework for a loss category that climate projections are making larger

Qantas diversion shows travel cover sequencing: airline covers first, insurer second. Policy wording — not disruption se...
09/09/2026

Qantas diversion shows travel cover sequencing: airline covers first, insurer second. Policy wording — not disruption severity — decides if claims respond.

https://hubs.la/Q04w_hsQ0

Policy wording – not the severity of a disruption – determines whether an insurer steps in when a company falls short

Erin Ramsey of Travelers warns that nonprofits hold valuable donor and financial data, making them attractive targets fo...
09/09/2026

Erin Ramsey of Travelers warns that nonprofits hold valuable donor and financial data, making them attractive targets for cyberattacks, ransomware, phishing, and AI-powered deepfake scams that can threaten both operations and donor trust.

Travelers' Erin Ramsey talks about the donor data risk most nonprofit boards haven't priced in

Severe weather on New Zealand’s West Coast is putting business interruption coverage under the spotlight.https://hubs.la...
08/09/2026

Severe weather on New Zealand’s West Coast is putting business interruption coverage under the spotlight.

https://hubs.la/Q04wScvw0

Geographic damage triggers in business interruption wordings leave commercial operators on single-access routes with uncertain cover

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