tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
RBNZ keeps the cash rate unchanged; but expects further cuts READ ON Dismiss
Last Article Uploaded: Friday, July 11th, 6:27PM

Insurance

rss
Latest Headlines

MDRT pays tribute to Fidelity's Watson

Tuesday, April 20th 2004, 6:10AM
Five Top of the Table Advisory Board members of the insurance industry’s world-wide Million Dollar Round Table (MDRT) shared their knowledge and experiences with around 200 New Zealand insurance brokers in Auckland on Friday.

New brokers rubbed shoulders alongside doyens of the industry like Gordon Watson, who founded Fidelity Life in New Zealand with his wife Shirley 31 years ago, and NZ’s own Top of the Table (TOT) members like Chris MacKay from Lower Hutt. Brian Klee, IMCC divisional vice-president, says with the 2004 members yet to be confirmed, last year there were 101 MDRT members, 13 Court of the Table (COT) and five TOT members in New Zealand.

For a New Zealand to qualify for MDRT status last year, he or she had to earn $154,600 in MDRT Premium, three times that for COT and six times that amount ($927,600) for TOT.

For those applying for membership to MDRT using MDRT commission, the amount was $77,300.

Klee says the expressions MDRT Premium and MDRT Commission are complex, but simplistically mean new annual premium income and new basic initial commissions.

“For 2005 membership the figures are $157,200 MDRT Premium and $78,600 for MDRT Commission,” he says.

Gordon Watson, who founded Fidelity in the same year that he qualified for MDRT, was honoured by his MDRT peers to mark his contribution to the industry and his retirement.

Watson said a visit to the United States to the MDRT annual meeting just after he started Fidelity convinced him he was on the right track. Full of fresh ideas he returned to New Zealand and eventually saw the company spread throughout the country.

« Hanover Group spawns insurance companyDifferences about what is partial disability »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Insurance Briefs

ICIB Brokerweb buys AssureMe to target Asian market
The acquisition brings 20-year veteran Caroline Liang and her established client base to insurance group

nib NZ completes company amalgamation
nib NZ has completed the amalgamation of nib nz limited and nib nz insurance limited into a single entity, now operating as nib nz limited.

Partners Life announces premium increase
Partners Life will implement a 20% annual premium increase for existing Private Medical Cover clients with policy anniversaries on or after July 22, 2025.

nib Parent Boost
nib New Zealand has welcomed the Government’s newly announced five-year Parent Boost Visa, set to open for applications from 29 September 2025.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com