Why has initio changed underwriters?
You may have noticed that up until recently your documentation noted that initio was underwritten by Lumley Insurance. In 2014 IAG New Zealand acquired Lumley. IAG New Zealand have a number of brands including NZI, over time NZI and Lumley merged with the Lumley brand being phased out in the domestic insurance space. In 2018 initio moved away from using the Lumley brand and now use the NZI brand. So actually the underwriter hasn’t changed, the underwriter has simply rebranded.