When a drone flew within meters of a landing plane last week, endangering 278 passengers and crew, Air New Zealand responded by saying that such reckless drone operators should be thrown in prison. Other agencies also chimed in. Air traffic …
New Zealand’s government said Friday [March 31] the partial collapse of a modern office building’s interior during an earthquake last November was unacceptable and could have killed people. Minister for Building and Construction Nick Smith said officials will review the …
Fairfax Financial Holdings Ltd. will pay $144 million for New Zealand insurer Tower Ltd., giving it an instant, significant presence in a growing, emerging market. Tower’s board of directors has already unanimously approved the sale at about NZ$1.17 per share, …
Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand’s South Island early this week, putting a range of $762 million to $3.5 billion out for the event (NZD1.15 billion …
BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of a new affinity broking operation focused on Australia and New Zealand. The team will be based in Melbourne and led by Shamus Breen, working closely …
New Zealand led the world when it gave women the vote and introduced inflation targeting. Now it’s claiming another world-first: pizza delivery by drone. Domino’s Pizza Enterprises Ltd. has joined forces with U.S.-based self-proclaimed “flying robot” operator Flirtey for the …
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has introduced cyber liability insurance in New Zealand and appointed Ian Marshall to lead the product line locally as senior underwriter, Executive & Professional Lines. BHSI’s new cyber liability policy covers …
Arthur J. Gallagher & Co.* announced the acquisition of Reid Manson Ltd. located in Timaru, New Zealand. Terms of the transaction were not disclosed. Founded more than 30 years ago, Reid Manson is a retail insurance broker providing commercial, rural, …
Sydney, Australia-headquartered QBE has appointed Colin Fagen as group chief strategy officer, in a new role “designed to create a strong platform for growth across the group,” according to Group Chief Executive John Neal. Fagen is currently chief executive officer …
DUAL, the underwriting arm of the Hyperion Insurance Group*, has announced the continued expansion of its global marine and energy practice following the launch of a marine offering at DUAL Australia Pty Ltd. DUAL Australia will now offer a suite …
