The Motor Vehicle Insurance and Repair Industry Code of Conduct Administration Committee extended the public consultation period by eight weeks to 23 June 2025.
Reinsurer's ratings affirmed, with Moody's spotlighting prudent underwriting, strong capital practices, and reduced risk from its majority shareholder.
Report highlights that global reinsurers' strong capital positions, conservative investments should help mitigate effects of trade tensions and nat cats in 2025.