SOLGM Family of Sponsors

It is entirely appropriate that Civic Assurance is a Principal Sponsor of SOLGM, given that it has been established by Local Government and is wholly owned by local authorities. Civic Assurance celebrated its 50th year of operation on 1 April 2011.

Civic Assurance is owned by 67 local authorities and has now been serving as New Zealand’s specialist provider of insurance, mutual funding and risk financing for the Local Government sector for over 50 years. For more information, including the detailed and interesting story of this extraordinary New Zealand insurer with its unique long-term history of Protecting Community Assets please visit the Civic website at www.civicassurance.co.nz

Civic Assurance is New Zealand’s largest insurer of rate payer assets and a key objective is to provide stability and long term assurance of our specialist risk financing facilities. Our A Excellent Claims Paying Ability rating with AM Best is important in this regard. We are also members of the Insurance Council of NZ and we far exceed the minimum solvency standards set by the Insurance Council.

Our products designed to meet specific exposures and needs of local authorities include our traditional insurance facility, and the LAPP Disaster Fund which was established as a separate charitable Trust, with Civic as Administration Managers, to provide for reinstatement of essential services following catastrophic loss.

Civic Assurance also has established three 100% subsidiary companies:

• Local Government Mutual Funds Trustee Ltd (Liability Riskpool) which risk finances Local Authority liability exposures
• Local Government Superannuation Trustee Ltd, administering the Local Government Global Superannuation Scheme for local authority staff
• Local Government Finance Corporation, established to assist local authorities to raise monies for capital works.

To find out more what Civic Assurance can do for you, visit www.civicassurance.co.nz