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Thursday, November 24, 2011

Ansvar Insurance pulling out of New Zealand

The following is from the Ansvar website. More detail is available from their website here.
As a result of the Canterbury earthquakes, Ansvar Insurance Limited (Ansvar New Zealand) is regretfully ceasing to provide insurance cover in New Zealand and will undertake a managed withdrawal from the market.
We have begun notifying our New Zealand customers about what this means for them. We are committed to supporting our policyholders to the fullest extent possible through this process. We are seeking to implement arrangements with other insurance companies to provide replacement interim or permanent cover for most of our customers.
In addition, we remain focused on continuing to provide a quality claims service until all claims are settled.
Andrew Moon, Chief Executive Officer
Why has Ansvar made this decision?
This is a result of the prohibitive cost of reinsurance following the devastating series of earthquakes in Canterbury in 2010 and 2011.
I am an Ansvar policy holder, what does this mean for me?
You will receive detailed information by post about what this means for you shortly. However, we are arranging replacement interim or permanent cover for most of our customers.
I have a current claim with Ansvar, how will I be affected?
If you have a claim with Ansvar it will not be affected by this decision. We will continue to manage claims until they are settled.
Can I still make new claims?
Yes. (see the website)
Can I still pay my premium online?
Yes. (see the website)
Contact us: 0800 123 344
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