I & G Financial Rating & History

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History and the board

Insurance and General Insurance Company (I&G) was formed in 1974. It is wholly owned by CEAS and its directors are appointed by the CEAS Board. Current Board members are:
Jim Dobbie - Chair Ian Johnson - Director Sina Cotter Tait - Director Emilia Stocks - Director
I&G was formed to share the insurance risk with other insurance partners, to provide greater control over the way in which member claims are managed and resolved.

Financial Strength Rating

In accordance with the Insurance (Prudential Supervision) Act 2010, Indemnity & General Insurance Company Limited is not required to have a financial strength rating as it has elected to be exempted as a small insurer .

Solvency Standard

The Reserve Bank of New Zealand requires all licensed insurance companies in New Zealand to meet the Solvency Standard as specified by the Bank. The Solvency Standard sets out the minimum amount of capital an insurance company is required to hold to meet its long-term liabilities, including policyholder claims, under adverse conditions.

Solvency Margin

The Indemnity & General Insurance Company Limited is a licensed insurer under the Insurance (Prudential Supervision) Act 2010. The 2025 data is as below and was issued on the 30 July 2025

  2024 2025
Actual Solvency Capital  $17,786,000  $18,249,000
Minimum Solvency Capital $8,124,000  $5,825,000
Solvency Margin $9,661,000  $12,424,000
Solvency Ratio 2.19  3.13

Managing Complaints

I&G is a licensed insurer under the authority of the Reserve Bank of New Zealand and is a member of Financial Services Complaints Limited (FSCL) – a Financial Ombudsman Service.

If you are unhappy with our insurance services, claim outcome or the policies we provide, we want to try and resolve it for you.

We are always looking for ways to improve our service to you. If something has gone wrong, we want to know.

 

Please send an email to nz.ceas@aon.com and tell us what has happened and how we can resolve matters. If you have any documents or correspondence that will help us understand your complaint, please attach them to your email.

When we receive your complaint, we will:

 

  • acknowledge your complaint within two working days
  • gather and evaluate information about your complaint
  • respond to you within 20 working days.

 

If we cannot resolve your complaint to your satisfaction, you can contact Financial Services Complaints Limited – A Financial Ombudsman Service (FSCL). They are an independent, not-for-profit, external dispute resolution service approved by the Minister of Consumer Affairs.

FSCL’s role is to investigate and fairly resolve complaints. Their service is free (it does not cost you anything).

FSCL’s contact details are:

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