The proposed regime would give the FSC broad intervention powers, including contract transfers, third-party takeovers and capital reductions, while excluding reinsurers from its scope.
The headwinds are set to pressure Suncorp's premium growth in H1 2027, with the insurer expecting a stronger second-half performance to offset part of the impact.
The new leadership structure, including Tan's expanded role, is designed to improve coordination across the reinsurer's protection business while bringing leadership closer to clients and markets.
