Zurich Insurance is reportedly rolling out its private credit strategy in the Asia-Pacific region, starting with Australia, where it has committed US$170m to tap into investment opportunities in local assets.
The Australian Government has passed the Criminal Code Amendment (State Sponsors of Terrorism) Bill 2025, which amends the Terrorism and Cyclone Insurance Act 2003 (TCI Act). The amendment aligns the definition of a terrorist act with the Crimes Act 1914, ensuring that coverage under the TCI Act extends to state-sponsored terrorism.
Zurich Insurance Group has appointed Ms Megan Shao as chief claims officer, APAC, effective 1 February 2026.
Regulations cost the Australian insurance customers up to A$3.5bn ($2.3bn) each year and this has a major impact on productivity, according to a new report by the Insurance Council of Australia (ICA).
Willis, a WTW business, has appointed Mr Vijay Nair as head of tax insurance for APAC. This newly created role is in Willis' M&A business within the financial, professional and executive risks specialty business.
The Australian insurer Insurance Australia Group (IAG) has released the third edition of its Severe Weather in a Changing Climate report, developed in partnership with the U.S. National Science Foundation's National Center for Atmospheric Research.
The Australian insurance industry and country's financial regulators have initiated discussions to identify ways to drive regulatory efficiency and productivity across the general insurance sector in line with the federal government's productivity agenda.
The Australian Medical Association (AMA) welcomes proposed amendments to legislation to outlaw the price gouging of new customers.
Clyde & Co has appointed Ms Yvonne Lam as partner, effective 1 December 2025. In her new role, she will further grow the firm's corporate insurance offering in APAC, with a focus on handling transactional, regulatory and commercial advisory matters for clients in the rapidly evolving insurance risk and regulatory environment across Australia and Singapore.
AIA Australia has launched a campaign promoting healthier habits that improve physical, mental and financial wellbeing.