The industry body says procedural reform and consistent national rules are needed to tackle rising legal costs and restore public liability market stability.
Global broker continues to restructure its Australia and New Zealand senior management, following Damian Schinck's appointment as President of Pacific operations in September.
Speaking at the ICA’s 2025 Annual Conference, Steve Johnston said insurers must innovate to serve climate-exposed communities and rebuild public trust.
The insurer plans to redeploy proceeds from about US$25bn in cross-shareholding sales, as Japanese regulators press major carriers to cut legacy equity stakes and improve capital efficiency.