New Zealand
Quest Insurance to maintain strong capitalisation
Quest Insurance to maintain strong capitalisation
However, future loss ratios are expected to rise.
Beneficial Insurance boasts 36.1% return on equity
Beneficial’s risk-adjusted capitalisation was strongest level as of 31 March.
UniMed’s capitalisation hits strongest level in 2023
Thanks to low underwriting leverage and moderate investment risk.
WTW starts tech industry practice in Australia, NZ
It will be led by Ben Di Marco.
Delta International shows solid underwriting in APAC markets
AM Best said the insurer’s tech infrastructure boosted overall GWPs.
DPL Insurance to maintain moderate growth, prudent earnings
For fiscal year 2024, its ROE was at 14.3%.
Co-op Life benefits from favourable underwriting results
AM Best expects continued robust pricing and positive investment income.
Foundation Life (NZ) focuses on restructuring life insurance portfolio
If the proposed scheme is completed, the company is seen to cease insurance activities.
Chubb New Zealand to adjust capital strategy within 24 months
It is also expected to receive substantial support from its parent.
First Insurance Limited’s position weakest in peer group
Fitch assesses New Zealand and Australian life insurers in a peer review.
VPIS posts steady 4.0% return-on-equity over five years
AM Best also assessed its operating performance as adequate.
New Zealand’s insurers maintain strong solvency under strict regulations
Demand for non-life insurance is driven by exposure to natural hazards.
Chubb appoints Howell as head of general insurance for Australia, NZ
He will report to Marcos Gunn, regional president of APAC.
Police Health Plan maintains a robust balance sheet
It benefits from a high penetration rate within the police force.
nib NZ maintains solid underwriting earnings
Its capital adequacy remains sturdy.
Accuro pulled out from AM Best’s roster
UniMed, the receiver of the portfolio, is now the third-largest health insurer.
S. Korean insurers’ Q124 profits plummet by 11.1%
This was equivalent to $3.58b.