Renato De Maria, former insurance broker and director of AIBS, receives permanent ban from the financial services industry following allegations of misappropriating AU$35m (US$29.97m) of client funds.
Fitch affirms PT Tugu Reasuransi Indonesia's National IFS Rating at 'A+(idn)', but notes volatility from its property and credit insurance segments — which have seen COR rise to 106% in the first nine...
Insurance Council of Australia's Andrew Hall delivered an impassioned speech on the country's protection gap — urging short-term tax reform alongside other medium and long-term recommendations.
GIC Re sees rating outlook upgraded to positive and a National Scale Rating designation of 'aaa.IN' (Exceptional), reflecting enhanced financial stability and enterprise risk management.
Tomi Latva-Kiskola will join Everest from AIG and Swee Keong Mah is promoted to Singapore CEO, having served as Interim Regional Head of Insurance since July.
AU$587m (US$384m) is being invested in the nation's cyber security, with Australia's insurance industry set to benefit thanks to increased awareness and knowledge sharing.
