Tens of thousands of homes in northern New Zealand are without electricity as a powerful cyclone begins lashing the South Pacific nation, bringing high winds and intense rainfall. Cyclone Gabrielle is tracking north-east of New Zealand and the center of …
Residents of Auckland, New Zealand’s largest city, are being asked to prepare for further bad weather as a system described as potentially “the most serious storm to impact New Zealand this century” is forecast to hit in coming days. The …
New Zealand’s government on Thursday announced NZ$700,000 ($450,000) in additional funding to help rebuild flood-ravaged Auckland and other areas in the upper north island as residents of the country’s second-largest city start cleaning up. Auckland and much of New Zealand’s …
Auckland is bracing for another rain deluge later Tuesday that threatens more surface flooding and land slips on ground already sodden after a record downpour. New Zealand’s MetService is forecasting that a new weather system will strike the nation’s largest …
Major insurers operating in New Zealand including Insurance Australia Group and Suncorp Group have cumulatively received over 9,000 claims so far following severe storms and flooding in and around the biggest city, Auckland. As of Monday morning, Suncorp’s Vero and …
Howden, the London-based insurance broker, announced the acquisition of Wallace McLean, which further strengthens its local expertise and provides an enhanced platform for its strategic growth plans in New Zealand. Wallace McLean was founded in 2001 and is a well-established …
BMS, the London-based independent insurance and reinsurance broker, announced it has commenced operations in New Zealand, with the launch of BMS Risk Solutions Ltd. (BMSRS). BMSRS is an independent, New Zealand owned and operated extension of BMS Group and has …
Howden, the international insurance broker, announces the launch of operations in New Zealand with Howden Broking and Howden Care — its local workplace claims management, rehabilitation and wellness business. The launch reinforces Howden’s ambitious growth plans in the region since …
New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday. About 200 of the largest financial firms in New Zealand, …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Taupo, New Zealand-based Matt Jensen Insurance Brokers Ltd. Terms of the transaction were not disclosed. Founded in 2005, Matt Jensen Insurance Brokers provides a comprehensive range …
