And oil prices reach highest level since 2022 as Strait of Hormuz closure continues.
First-quarter earnings up 40% on a normalised basis.
Yealands Group CEO says the sale has nothing to do with being unable to pay dividend this year.
Productivity Commission points to Sweden, Israel and Singapore as inspiration.
Industry says if NZ matched Australian incentives, sector could take off.
Optimism for year ahead despite the Covid-19 impact.
Volume and value are up for the sector but supply can constrain growth.
Allianz subsidiary Club Marine announced it would exit the NZ market last month.
Pacific International Insurance ordered to improve compliance systems after repeated failings.
Company says lockdowns halved its parking revenue in April.
