IAG says it begins a strategic review of its British operations which may result in them offered for sale.

Consumers looked for reliability and longevity in particular from their insurance companies this year, besides the ever-present focus on value for money, chief executive of insurance broker association IBANZ Gary Young says.

As Insurer of the year, NZI led in all categories covered by the IBANZ awards, which were announced at a ceremony in Auckland last night.

This is the second year in a row NZI, a division of New Zealand’s largest general insurer, IAG, has taken out the title.