The headwinds are set to pressure Suncorp's premium growth in H1 2027, with the insurer expecting a stronger second-half performance to offset part of the impact.
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.
The Australian insurer has also set a new supply chain engagement goal, while its FY26 annual report shows community investment rose 22% to A$10.8m (US$7.6m).
S&P said Peak Re's shift away from property catastrophe risks has improved underwriting performance, though sustainable growth remains critical to the strategy's success.
The broker bolstered its Wellington team with the appointments of industry experts Felix Ukaegbu as general manager and James Earwaker as client director for financial lines.
Belinda Steedman has been appointed to lead the rebranded business as parent company Ardonagh Group brings its global MGA businesses under the Orvia Underwriting brand.
The acquisition bolsters Halliwell's ability to support clients across the property-risk lifecycle, from loss assessment and remediation to project delivery and dispute resolution.
Falling primary and reinsurance rates in 2026 are adding pressure after APAC non-life premium growth slowed to 5.1% in 2025, pushing more insurers to seek growth overseas, Gallagher Re said.
