The NEXROC Group has announced plans to launch tender offers for two publicly listed life insurance companies, one in the United States and one in Australia.
Tokio Marine Kiln (TMK) has appointed Mr Oliver Wilcox as Head of Energy within its marine and energy division.
Premium discounts recognising cyclone mitigation measures have reached A$9.7m ($6.8m) across homes reinsured by the Cyclone Reinsurance Pool, according to the latest quarterly statistics released by the Australian Reinsurance Pool Corporation (ARPC).
Coface has promoted Mr Zach Spencer to the role of Head of Risk Underwriting, APAC. He leads the company's risk underwriting teams across the region.
Australian insurers need to measure drought with the same precision they already apply to flood, fire, storm and cyclone.
Australia's first comprehensive Resilience Index has revealed that insurance coverage is the key driver of overall resilience. However, over 20% of Australians still face significant vulnerability driven by financial insecurity.
New research in Australia has revealed that insurance broking is transitioning from an informal, experience-driven occupation to a more structured and professional career, driven by generational shifts in education, evolving skill requirements, and the need for clearer entry pathways.
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against Clark Family, alleging it misled consumers on its websites by claiming it compared rates and options from multiple providers and tailored recommendations to consumers' needs, when in fact enquiries were sold to the highest bidding broker.
Vontobel, an investment management firm, has appointed Mr Emmanuel Archampong as Head of Insurance Solutions in APAC. His appointment comes as part of the firm's growth ambitions in the insurance sector, a strategic focus area for its institutional clients business.
Australia's population will age more quickly but grow more slowly than projected earlier, due primarily to lower fertility rates - a trend common across advanced economies. Deaths are projected to outnumber births by the 2060s - the first time this has been forecast in an Intergenerational Report for 2026.