ARPC chief executive says changes reinforce the Government’s commitment to "protecting the economy, the domestic insurance industry and policyholders from potential impacts of terrorism."
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.
Insurers likely to continue to adjust their risk positions in Taiwan this year following latest election results, but some sense a strategic opportunity.
