BNM said that Zurich's Malaysian units failed to update their sanctions database, resulting in customer screening being conducted against an outdated database.
The Australian regulator has sought views from market participants on potential impact of Zurich-ClearView, ahead of the 4 June 2026 decision deadline.
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.
The draft guidance proposes stress tests for asset-intensive reinsurance deals, including recapture events and multiple reinsurer failures, to assess impacts on solvency and reserves.
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.
