IAG New Zealand Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/iag-new-zealand/ Tue, 04 Nov 2025 05:55:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 IAG New Zealand CEO Amanda Whiting to step down https://insuranceasianews.com/iag-new-zealand-ceo-amanda-whiting-to-step-down/ Tue, 04 Nov 2025 05:55:41 +0000 https://insuranceasianews.com/?p=203665 Whiting will continue to lead the New Zealand business until a successor is found.

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IAG has announced that its New Zealand chief executive officer, Amanda Whiting, will step down from her role and return to Australia.
Whiting (pictured) will continue to lead the New Zealand business ...

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]]> IAG New Zealand fined record US$11.4m for misleading customers https://insuranceasianews.com/iag-new-zealand-fined-record-us11-4m-for-misleading-customers/ Mon, 06 Oct 2025 06:45:26 +0000 https://insuranceasianews.com/?p=201358 New Zealand's largest insurer admitted overcharging 269,000 customers US$20.4m, according to the Financial Markets Authority.

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IAG New Zealand has been penalised NZ$19.5 million (US$11.4 million) for overcharging over a quarter of a million customers tens of millions of dollars by not giving them promised discounts and benefi...

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]]> New Zealand ‘cannot afford’ to continue down current path as climate risks grow: IAG https://insuranceasianews.com/new-zealand-cannot-afford-to-continue-down-current-path-as-climate-risks-grow-iag/ Wed, 18 Jun 2025 03:39:47 +0000 https://insuranceasianews.com/?p=193176 IAG's 2025 climate change poll showed New Zealanders expect insurers to reflect the growing risk in the premiums of people who are exposed to natural hazards.

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New Zealand is rapidly approaching a fork in the road amid the increasing threat posed by climate change, and is heading down a path it "cannot afford", according to IAG, after a survey revealed New Z...

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]]> New Zealand’s US$38bn natural hazards bill shines spotlight on ‘urgent need to reduce impact’: IAG https://insuranceasianews.com/new-zealands-us38bn-natural-hazards-bill-shines-spotlight-on-urgent-need-to-reduce-impact-iag/ Tue, 20 May 2025 02:43:11 +0000 https://insuranceasianews.com/?p=190907 Since 2010, the government has spent 97% on response to catastrophes, and only 3% on risk reduction and resilience.

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Natural hazards have cost New Zealand NZ$64 billion (US$37.9 billion) since 2010, highlighting the "urgent need to reduce their impacts", according to IAG.
When adjusted for inflation, this equates to...

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]]> Kiwi regulator files civil proceedings against IAG pricing misconduct https://insuranceasianews.com/kiwi-regulator-files-civil-proceedings-against-iag-pricing-misconduct/ Sun, 06 Apr 2025 08:50:21 +0000 https://insuranceasianews.com/?p=180483 Approximately 269,000 customers were affected, resulting in overcharges of approximately US$20m.

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New Zealand regulator Financial Markets Authority (FMA) has filed a civil proceeding against insurer IAG New Zealand (IAG) for fair-dealing breaches, according to a press release.
The breaches arise f...

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]]> IAG New Zealand confirms new chief risk officer following executive team rejig https://insuranceasianews.com/iag-new-zealand-confirms-new-chief-risk-officer-following-executive-team-rejig/ Tue, 02 Apr 2024 01:12:02 +0000 https://insuranceasianews.com/?p=150696 Rachel O’Brien will take over as CRO for the carrier, while former CRO Martin Hunter will take up a new role and Wayne Tippet will return as executive general manager for claims.

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IAG New Zealand has confirmed Rachael O’Brien as the carrier’s chief risk officer (CRO) in part of an executive team reset, according to an announcement by chief executive Amanda Whiting.
O’Brien has ...

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]]> IAG New Zealand CEO tells Kiwis to stop building homes in dumb places: report https://insuranceasianews.com/iag-new-zealand-ceo-tells-kiwis-to-stop-building-homes-in-dumb-places-report/ Tue, 20 Feb 2024 08:35:50 +0000 https://insuranceasianews.com/?p=146701 The country’s largest insurer said that properties built in high-risk areas may see higher-than-average premium increases.

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New Zealand home insurance rate hikes will slow down this year, after a 10-20% increase last year, but properties built in high-risk areas may see a higher-than-average premium increase, according to ...

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]]> IAG’s New Zealand flood and cyclone payouts top US$600m https://insuranceasianews.com/iags-new-zealand-flood-and-cyclone-payouts-cross-us600m/ Mon, 20 Nov 2023 20:18:15 +0000 https://insuranceasianews.com/?p=138703 The country's largest carrier has called on the government to prioritise flood resilience as the economic toll of summer of storms continues to mount.

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Insurer IAG has said its AMI, State and NZI operations have settled NZ$1 billion (US$600 million) in claims from the North Island floods and cyclone Gabrielle.
AMI, State and NZI have settled 51,000 ...

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