ASB gets new travel insurer as Chubb calls it quits

ASB gets new travel insurer as Chubb calls it quits
Not everyone is giving up on travel insurance. (Image: Depositphotos)
Paul McBeth
ASB Bank’s credit card travel insurance cover will be underwritten by AIG from June after the lender said its existing insurer is getting out of the market.That exit comes after a slump in Chubb Life Insurance New Zealand’s travel insurance premiums, which have more than halved from a peak in 2018. Chubb’s travel premiums fell by almost 21% to $6.4 million in calendar 2022 from the prior year, accounting for 2% of the firm’s total premiums in the year. The slide was steep when the covid-19 pandemic hit in 2020...

More Finance

Surcharge ban may not be a win for consumers
Finance

Peter Griffin: Surcharge ban may not be a win for consumers

There are winners and losers in the surcharge move.

Peter Griffin 30 Jul 2025
FNZ employee shareholders stake claim at $7.7b
Finance

FNZ employee shareholders stake claim at $7.7b

The claim has been lodged in the High Court at Wellington.

Victoria Young 29 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025