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NZI or New Zealand Insurance is a major insurance company in New Zealand. NZI was formed in Auckland by 1859 as the New Zealand Insurance Company and is one of New Zealand's largest and longest-serving fire and general insurance brands.
In a nation where almost every building was wooden NZI expanded quickly.
;Timeline
* 1861 opened Wellington and London offices
* 1860s established a New Zealand wide network then a similar network in Australia
* 1870s offices in the United States
* 1880s agencies in Asian countries
** 1881 insured first shipment of frozen meat to London
** 1886 Argentina offices
* 1890s South Africa
* 1906 San Francisco earthquake, one of few insurers able to pay all claims in full
* 1912 an underwriter of the ''Titanic''
NZI merged with South British Insurance in 1981; the two companies had been equally matched rivals and were virtually the same size, but with different emphasis on the types of business they held. The new company formed a parent, New Zealand South British Group Ltd, which maintained both brands concurrently before changing to the NZI Corporation in 1984 when the South British brand was phased out. General Accident bought NZI in 1989. In January 2003, Insurance Australia Group acquired NZI when purchasing the general insurance business of
Company website
Insurance companies of New Zealand Companies based in Auckland Financial services companies established in 1859 New Zealand companies established in 1859 1981 mergers and acquisitions 2003 mergers and acquisitions {{insurance-company-stub
NZI or New Zealand Insurance is a major insurance company in New Zealand. NZI was formed in Auckland by 1859 as the New Zealand Insurance Company and is one of New Zealand's largest and longest-serving fire and general insurance brands.
In a nation where almost every building was wooden NZI expanded quickly.
;Timeline
* 1861 opened Wellington and London offices
* 1860s established a New Zealand wide network then a similar network in Australia
* 1870s offices in the United States
* 1880s agencies in Asian countries
** 1881 insured first shipment of frozen meat to London
** 1886 Argentina offices
* 1890s South Africa
* 1906 San Francisco earthquake, one of few insurers able to pay all claims in full
* 1912 an underwriter of the ''Titanic''
NZI merged with South British Insurance in 1981; the two companies had been equally matched rivals and were virtually the same size, but with different emphasis on the types of business they held. The new company formed a parent, New Zealand South British Group Ltd, which maintained both brands concurrently before changing to the NZI Corporation in 1984 when the South British brand was phased out. General Accident bought NZI in 1989. In January 2003, Insurance Australia Group acquired NZI when purchasing the general insurance business of Aviva
Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general ...
, a successor of General Accident. NZI is now a subsidiary of IAG New Zealand
IAG New Zealand (IAG NZ) is the New Zealand subsidiary of Insurance Australia Group. It is the largest general insurance company in New Zealand, just as its parent is the largest in Australia. It has a number of insurance brands it has acquired, ...
.
NZI focuses on providing products to the intermediated market, i.e. brokers and banks.
It was the title sponsor of the Wellington Sevens
The New Zealand Sevens is an annual rugby sevens tournament currently held at Waikato Stadium in Hamilton, New Zealand. For the first eighteen years of its history the event was held in Wellington. The event is the third on the World Rugby Seven ...
event in the IRB Sevens World Series
The World Rugby Men's Sevens Series is an annual series of international rugby sevens tournaments run by World Rugby featuring national sevens teams. Organised for the first time in the 1999–2000 season as the IRB World Sevens Series, the com ...
for international rugby
Rugby may refer to:
Sport
* Rugby football in many forms:
** Rugby league: 13 players per side
*** Masters Rugby League
*** Mod league
*** Rugby league nines
*** Rugby league sevens
*** Touch (sport)
*** Wheelchair rugby league
** Rugby union: 1 ...
sevens teams and TVNZ
, type = Crown entity
, industry = Broadcast television
, num_locations = New Zealand
, location = Auckland, New Zealand
, area_served = Nationally (New Zealand) and some Pacific Island nations such as the Cook Islands, Fiji, and the So ...
business programme NZI Business.
References
External links
Company website
Insurance companies of New Zealand Companies based in Auckland Financial services companies established in 1859 New Zealand companies established in 1859 1981 mergers and acquisitions 2003 mergers and acquisitions {{insurance-company-stub