Tuesday, 24 February 2026
Navigating the Changing Insurance Prudential Supervision Landscape
- Statutory snapshot: an overview of the Insurance Prudential Supervision Act (IPSA) and related legislation, prudential requirements and RBNZ supervisory and enforcement powers
- Context and reform agenda: modernisation of the IPSA in the context of global and domestic failures and in response to IMF Financial Sector Assessment Programme and Trowbridge-Scholten, and interaction with other financial markets reform (contracts of insurance, conduct and deposit takers changes)
- Looking forward: a practical guide for insurers and their advisers on responding to the changes to the regulatory perimeter, solvency and other standards, new supervisory and enforcement powers and other proposed IPSA updates
Presented by Andrew Suggate, Senior Associate, Buddle Findlay
Chair
Gary Hughes, Barrister, Britomart Chambers
Description
Attend and earn 1 CPD hour
* This interactive online recording includes questions and quizzes requiring critical thinking about the topics, so you have no annual limits to the number of points/hours you can claim with this format of learning. Please verify with your CPD rules
Learning Objectives:
- Understand the current prudential supervision framework under IPSA and proposed reforms
- Identify the practical implications of evolving regulatory standards, supervision, and enforcement
Presenters
Gary Hughes, Barrister, Britomart Chambers
Gary is a leading independent lawyer at Britomart Chambers, specialising in all types of regulatory investigations, enforcement and disputes, advocacy, and advice. His insurance practice has a focus on financial lines, D&O, or statutory liability cases. He has deep expertise in resolving issues with business crime regulators – especially the Commerce Commission, Financial Markets Authority, AML/CFT Supervisors, Serious Fraud Office, Privacy Commission, and other government agencies. Widely known for specialist work on Competition law and Anti-Money Laundering cases, Gary is a member of the NZ Law Society Law Reform Committee, Chair of the International Bar Association’s AML & Sanctions Experts committee, and author of the Thomson Reuters textbook AML/CFT Workflows & Guidance for Lawyers. At the cutting edge of regulatory issues, his work includes the DIA’s first AML/CFT pecuniary penalty case, Russian Sanctions Act issues, and defending the first criminal cartel prosecution in New Zealand. Gary has worked on insurance law disputes and problems throughout his 28-year career including at leading law firms (Clyde & Co, Chapman Tripp and Wilson Harle) and for a period in-house at Aon UK. That ranges from defending claims against directors/managers, to policy coverage disputes, to Commerce Commission or RBNZ prudential investigation of insurance companies. Gary’s pragmatic strategic approach also makes him a sought-after trainer of Boards and Professional partnerships. Admitted in NZ (1996), also qualified in England & Wales and Supreme Court of NSW Australia.
Andrew Suggate, Senior Associate, Buddle Findlay
Andrew specialises in financial services law, advising domestic and offshore financial services businesses on all aspects of raising and investing capital, investment structuring, financial product (including insurance) offering and distribution, prudential and conduct regulation, consumer credit, financial advice and other financial services. Andrew has extensive experience working in New Zealand and the United Kingdom advising banks, fund managers, insurers, non-bank deposit takers, FinTechs, private funds, consumer credit providers, financial advice businesses, brokers, investment platform providers and other financial services businesses.
