Speaking at the ICA’s 2025 Annual Conference, Steve Johnston said insurers must innovate to serve climate-exposed communities and rebuild public trust.
The insurer plans to redeploy proceeds from about US$25bn in cross-shareholding sales, as Japanese regulators press major carriers to cut legacy equity stakes and improve capital efficiency.
Cyclone pool ends year with a A$1.21bn operating deficit, but Australian Reinsurance Pool Corporation said it remains cash-flow positive and able to meet all expected claims.
Despite strong premiums growth, claims paid by Cambodian insurers increased 27% year-on-year to US$65.9m between January and August 2025, according to the Insurance Regulator of Cambodia.
Appointments of Darren Toh, Yosuke Yasuda, and Amirul (PJ) Ashraf form part of specialty (re)insurer’s efforts to expand its underwriting capacity and deepen expertise in the region.
