The Australian Securities and Investments Commission (ASIC) is urging immediate action from superannuation trustees to strengthen anti-scam and fraud practices after its latest review exposed significant gaps in communications for members.
Chair of the Australian Securities and Investments Commission (ASIC), Mr Joe Longo, has welcomed the appointment of Ms Sarah Court as incoming Chair. She will assume her new role on 1 June 2026.
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed that its second industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) is A$1,512m ($1,052bn).
Tokio Marine Kiln (TMK) has appointed Mr Ben Sitki as an Underwriter within its Cyber Reinsurance Solutions team.
The proposed state-owned insurer TasInsure, to be set up by the Tasmanian government, would fall short of addressing the underlying drivers of insurance costs fully and expose Tasmanian taxpayers to significant financial losses, according to a new economic analysis.
Lockton has formalised its global transaction liability practice, with the co-leadership of Mr Josh Halpern, Mr Matthew Heinz, Mr Gaurav Sud and Mr Eric Ziff.
The Australian Prudential Regulation Authority (APRA) has advised that current Executive Director (ED), General Insurance and Banking (GIB), Ms Jane Magill, has been appointed ED, Life Insurance, Private Health Insurance and Superannuation (LPHIS), effective 16 February.
Insured losses from the bushfires that have been burning through parts of Victoria, Australia, since 7 January are estimated to have reached more than A$200m ($139m) across more than 3,100 claims.
Climate reporting and AI are immediate growth opportunities for the actuarial profession, according to the incoming President of the Actuaries Institute, Mr Scott Reeves.
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has appointed Mr Edrick Tang as Senior Underwriter for fine art and specie.