Weekly Wrap: ANZIIF picks up Asia-Pac award, hands out awards in NZ

Weekly Wrap: ANZIIF picks up Asia-Pac award, hands out awards in NZ | Insurance Business

Weekly Wrap: ANZIIF picks up Asia-Pac award, hands out awards in NZ
ANZIIF Picks Up Asia-Pac Award, hands out awards in NZ

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has been named Education Service Provider of the Year at the 18th Asia Insurance Industry Awards, it has been announced.

ANZIIF reclaimed their title having won the gong the previous year and have won the award 10 times overall. The award recognises the provision of outstanding and continued education and training to the insurance and reinsurance industry in the Asia-Pacific region.

ANZIIF CEO Prue Willsford said of the win: “ANZIIF is thrilled to win Education Service Provider of the Year for the 10th time.
“We believe the award demonstrates our leadership in education provision throughout the Asia-Pacific and our commitment to adapting to the needs of the region’s insurance community.”
Anton Barnett-Harris, General Manager, Education, Events and International for ANZIIF says the award reflects the “quality and relevance” of ANZIIF training.

“Over the past year we have focused even more heavily on partnering with our customers to understand and respond to their needs, which are changing faster than we’ve ever seen before.

“This has led to the adoption of granular education and training opportunities that will enable the tailoring of learning and skills development to individual job roles. We have also launched our Members’ Centre, a major online learning and professional development platform to facilitate the ongoing learning of the region’s insurance professionals.”

ANZIIF also held their 3rd annual New Zealand Insurance Industry awards yesterday with Karl Armstrong taking home the Insurance Leader of the Year prize.

The 44-year insurance veteran was visibly moved by the award as his voice cracked throughout his acceptence speech.

“This is an absolute privilege,” he said. “To receive this award I’m truly honoured and to be recognised as a leader within this unbelievable amazing industry.”

There were also awards for NZI's June Kuan who won the Young Professional of the Year, James Shearing who won Broking Professional of the Year and Rothbury who took out the Large Broking Company of the Year prize.

New NZ distribution manager for P&C insurer

ACE Group has announced the appointment of Andrew Brooks to the position of New Zealand Accident & Health Distribution Manager.

Brooks will execute local distribution strategies for all lines of business while also leading ACE Accident & Health portfolio in New Zealand from 1 December 2014. With over 23 years of industry experience, Brooks will join ACE from Aon where he worked in the national business development team.

ACE country president Paul Martin said Brooks’ appointment was excellent news for their A&H brokers and clients in New Zealand.

“He is a true insurance leader with a wealth of experience across all lines of business.

“Leadership in distribution requires focus, analysis and a deep understanding of the needs of our partners.

“Andrew has spent 21 years of his career as a broker and that experience will be invaluable as we focus on distribution and client management in New Zealand.”

Virgin Galactic insured for US$ 40 - $50 Million

The lead underwriter for the Virgin Galactic spaceship that crashed this week has been revealed with insured losses expected to come in at US$40 - $50 million.

British insurance and brokerage services provider Jardine Lloyd Thompson confirmed itself as the broker on the deal according to reports by Reuters as AIG was revealed as the lead underwriter.

"We act on behalf of Virgin Galactic and are providing every assistance, as is appropriate in these tragic circumstances," JLT said in a statement. AIG did not comment.

The estimated insured losses are similar to those of an unmanned supply rocket which exploded a week ago. Virgin Galactic was insured under an aviation “hull and liability” policy whereas the unmanned rocket was part of the space market, insurance specialists told Reuters.

The crash killed one pilot and injured another and took place in the Mojave Desert in California last Friday.