Premiums placed by intermediaries rose to A$21.5bn in the first half, led by a rise in unauthorised foreign insurers, though APRA-authorised carriers continue to hold the lion’s share of premiums.
The Insurance Commission has also activated dedicated assistance channels in Cebu and Manila, aiming to streamline access to insurance services for those affected.
Wen brings more than 30 years of experience in the reinsurance treaty markets in Taiwan and Guam and will lead Gallagher Re's Taiwan business expansion.