The Amwins-Dragoneer-KKR consortium is finalising documentation and financing for its proposed A$7.7bn (US$5.5bn) acquisition of Steadfast after entering the final stages of due diligence.
The regulator also wants insurers and other financial institutions to demonstrate how geopolitical risks are embedded in strategy, risk appetite and board oversight.
Executives dismissed concerns over Beijing's tax treatment of offshore policies, pointing to wealth diversification rather than tax as the draw for mainland Chinese buyers.