NZI

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New Zealand Insurance NZI logo on a pillar (31578096502).jpg
New Zealand Insurance
NZI logo.svg
The former New Zealand Insurance Building in Napier, now the home of the Art Deco Trust New Zealand Insurance 01.jpg
The former New Zealand Insurance Building in Napier, now the home of the Art Deco Trust

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 [1] 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

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, a successor of General Accident. NZI is now a subsidiary of IAG New Zealand.

NZI focuses on providing products to the intermediated market, i.e. brokers and banks.

It was the title sponsor of the Wellington Sevens event in the IRB Sevens World Series for international rugby sevens teams and TVNZ business programme NZI Business. [3]

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References

  1. The Southern Cross 7 June 1859 Page 1
  2. Wellington City Council. History accessed 7 August 2021
  3. "NZI SECURES SPONSORSHIP OF BREAKFAST BUSINESS | MEDIA RELEASES | tvnz.co.nz". tvnz.co.nz. Retrieved 9 January 2019.