The Council proposes a 10-year A$30.15bn (US$21.50bn) Flood Defence Fund targeting 24 east-coast catchments covering 1.2 million at-risk properties, among other priorities.
Underwriting results in Hong Kong’s general insurance sector were mixed in 2025, with property underwriting profit falling sharply due to claims from the Wang Fuk Court fire.
Record issuance and steady returns are drawing broader investor interest, but stronger data, transparency, ratings and regulatory confidence remain critical for Asia to scale participation.
Insured losses from the event were estimated at US$300m, as global economic losses reached US$37bn, 43% below the 21st-century average and the lowest since 2015.
Australia's new mandatory merger control regime gets put through its paces as the regulator examines IAG's proposed A$1.35bn (US$951m) deal for the second time.
