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244 articles, showing page 1 of 23
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FMA’s findings in relation to historical errors
FMG self-reported two historical issues associated with the Mutual’s previous approach to Specified Items and Indexation to the Financial Markets Authority (FMA). In doing so, FMG has and continues to cooperate fully with the FMA and takes full responsibility for the issues. FMG has now entered into an Enforceable Undertaking with the FMA, including agreeing to make a payment in lieu of a pecuniary penalty.
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Reinsurance
So, what is reinsurance? It’s insurance for insurance companies. FMG uses over 50 different reinsurers for our programmes. They take their share of the risk and diversify it with their risk around the globe. They work to a plan that things won’t go south in every geographic region at the same time, and that is how they manage to pool the risk of the many.
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Sustaining our mutual
This year, FMG marks two years as the first—and still only—New Zealand Aotearoa B Corp certified general insurer. That’s not just a badge. It’s a framework that keeps us accountable to people, planet, and our Members.
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Next steps for parametric insurance at FMG
Over the past two years, FMG has been exploring the potential use of parametric insurance—a non-traditional model that pays out automatically when specific, pre-agreed events like heavy rainfall or earthquakes occur. We wanted to validate whether this approach could be suitable for FMG to offer for farmers and growers to help manage their risks in the face of extreme weather events.
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Eyes up, wheels down: Avoidable accidents on lifestyle blocks
Owning a lifestyle block often means more time on bikes, utes and tractors than behind a desk. From towing firewood to shifting stock, vehicles keep things moving, but too often avoidable accidents happen. Rollovers are one of the biggest risks, and most start with small oversights.
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FMG honoured at 2025 Cooperative Business NZ annual awards
FMG is proud to announce that we were recognised with two significant honours at the 2025 Cooperative Business NZ annual awards in Auckland on the evening of 6 November.
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FMG and Farmlands renew strategic partnership to strengthen rural support
FMG is pleased to announce a three-year renewal of its strategic partnership with Farmlands, reinforcing a shared commitment to supporting rural communities across New Zealand Aotearoa.
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FMG annual results shows Mutual remains strong after 120 years
FMG has released its Annual Report showing another strong year, with a profit that will be reinvested back into the Mutual to help keep the rural insurer strong for generations to come.
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Responding to recent weather in the Nelson and Tasman regions
“We're really feeling for people across the country, particularly in the upper parts of the South Island, who have been hit by recent weather events,” says Jacqui McIntosh, Head of Claims Strategic Operations at FMG.
Please direct media enquires to media@fmg.co.nz