The head of the insurer's Pacific business takes charge on 1 November, joining the group executive committee as Sue Houghton prepares to retire at year-end.
The state-owned insurer plans to strengthen data infrastructure, cybersecurity and digital claims capabilities while expanding direct-to-customer insurance distribution.
The insurer said any settlement would not be expected to have a material impact on its financial position or FY2027 results, based on anticipated recoveries.
The broker has set up a Digital Asset division in Hong Kong, led by Dan Dibden and Onno Sterk, after taking on Fraction Brokers' digital asset clients.
Improvement in underwriting performance attributed to a lower expense ratio and operational scale expansion, though the agency noted earnings remain reliant on investment returns to offset losses
