The High Court of New Zealand has imposed penalties totalling NZ$7.88m (US$3.63m), on CBL Corporation and four former directors for breaches of continuous disclosure obligations.
Insurance Authority data shows a 10% decrease in overall complaints for the first nine months of 2023, though there was a slight increase in conduct-related cases.
China sets its sights on enhancing its marine insurance sector by 2035, aiming to rival established centres like London and Singapore, while bolstering shipping finance and legal services.