The 6.5-magnitude earthquake in Cook Strait last Sunday isn’t expected to lead to big insurance losses, which global financial services firm Credit Suisse expecting it to come in below US$1 billion. Credit Suisse has told investors in its insurance-linked strategies fund, CS IRIS Low Volatility Plus Fund, that the quake was further away from dense populations and lacked the ground …

Infratil, New Zealand’s largest publicly listed infrastructure investor, wants to increase the pool of fees for its directors by 2.3 percent and also raise fees for directors of some subsidiaries. The company will ask shareholders at its annual meeting in Wellington next month to increase the fee pool for its directors to $721,215, from $705,000. It will also seek approval …

The manager of Kiwi Income Property Trust says it has received a proposal from ultimate parent Commonwealth Bank of Australia to internalise its management contract. Kiwi Income Properties Ltd is a unit of Australia’s Colonial First State Property, which is in turn owned by the Australian lender. The manager reaped a $3 million performance fee from Kiwi Income Property Trust …