Under the proposed reforms, customers could pursue certain code breaches through the courts, while insurers would face stricter claims and conduct obligations.
The measures call for greater underwriting capacity, broader cover for geopolitical and Arctic shipping risks, and wider use of the renminbi in insurance settlements.
The executive has over 30 years of insurance experience across New Zealand and Australia, spanning broking, underwriting, claims, business ownership and executive leadership.
Evelyn Hoh will lead complex marine claims advocacy while Fen Ngai takes on a newly created operations role focused on scalability and efficiency across Asia.
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.
Diversification into other marine lines has helped some clubs improve underwriting results, but persistent deficits are expected to drive further upward pressure on 2027 renewals.
The revised code would write insurers’ obligations into consumer contracts for the first time, and insurers would have to accept any home or motor claim still undecided after 12 months because of their...
The appointment follows Howden's recent expansion of its Australian sport and entertainment practice with the recruitment of multiple former Marsh executives.
