NZI body corporate insurance — NZ panel profile
NZ's longest-established general insurer; IAG-owned commercial property writer with a substantial NZ body-corporate book.
About NZI as a NZ body-corp insurer
NZI is a business division of IAG New Zealand Limited, which is licensed by the Reserve Bank of New Zealand as a non-life insurer under the Insurance (Prudential Supervision) Act 2010 and is a member of the Insurance Council of New Zealand (ICNZ). NZI traces its origins back to 1859 and is one of New Zealand's longest-established general insurers; today the brand sits inside the IAG group alongside State, AMI and Lumley.
For body corporate risks, NZI is one of the panel insurers FCIB regularly approaches because the carrier writes commercial multi-unit residential property across the full range of NZ unit-titled buildings — small townhouse complexes through to mid-rise apartment buildings. NZI is publicly known for accepting the broad spectrum of standard-construction NZ body-corp risks; complex risks (leaky-building era, earthquake-prone buildings, very-high-rise) are assessed case-by-case.
NZI policies are sold exclusively through brokers — there is no direct-to-public body-corp channel. To get a NZI body-corporate quote you need a broker who holds an active NZI agency. First Commercial Insurance Brokers Ltd (FSP748591) holds that agency and quotes NZI on every body-corp submission where the risk fits within publicly-known appetite.
Publicly-known NZI body-corp appetite
- Standard-construction multi-unit residential buildings across NZ
- Townhouse complexes and small-to-mid-rise apartments
- Commercial-mix unit-titled developments (residential + ground-floor retail)
- Risks with current insurance-replacement valuations and a funded long-term maintenance plan
Appetite is descriptive only — based on publicly-stated focus areas. Final acceptance is always at the underwriter's discretion. FCIB confirms appetite per submission before quoting.
FCIB panel positionWhat this means for your body corporate
FCIB holds an active NZI agency for body corporate risks. NZI is quoted on every FCIB body-corp submission where the risk fits within NZI's publicly-stated appetite.
Policy wordingNZI body-corp wording (clauses & exclusions)
NZI Body Corporate wording PDF not yet ingested — extraction blocked on operator obtaining current PDS from NZI broker portal.
FCIB will provide the current binding wording on placement. For pre-bind clause questions, request the latest PDS via the quote form — we forward it on placement.