Cautions and notices

Nov 2018 Insurance

The Reserve Bank of New Zealand is satisfied that CUI Insurance Limited (formerly known as Credit Union Insurance Limited) is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (the Act). At the request of CUI Insurance Limited, the licence issued to it on 01 April 2013 under section 19 of the Act was cancelled on 5 November 2018 pursuant to section 30(1) of the Act.

Nov 2018 Insurance

The Reserve Bank of New Zealand is satisfied that Sunderland Marine Insurance Company Limited is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (the Act). At the request of Sunderland Marine Insurance Company Limited, the licence issued to it on 19 June 2013 under section 19 of the Act was cancelled on 1 November 2018 pursuant to section 30(1) of the Act.

Oct 2018 Banks

On 23 October 2018 the Reserve Bank published a consultation paper proposing changes to the reporting and publishing of breaches by banks.

Go to public disclosure of banks' breaches consultation page.

Aug 2018 Insurance

The Reserve Bank is holding insurer data workshops in Wellington on 24 September and Auckland on 25 September.

Read more about the workshops on the Insurer data workshops page.

Jul 2018 Insurance

The Reserve Bank of New Zealand is satisfied that FM Insurance Company Limited is no longer carrying on insurance business in New Zealand according to the Insurance (Prudential Supervision) Act 2010 (the Act). At the request of FM Insurance Company Limited, the licence issued to it on 28 June 2013 under section 19 of the Act was cancelled on 17 July 2018 pursuant to section 30(1) of the Act.