Respondents in Asia Pacific have identified global supply chain paralysis and global Internet outrage as the two most plausible Black Swan scenarios, according to a Allianz Risk Barometer analysis.
New Zealand's financial services sector contributed NZ$16.1bn ($9.65bn) to its economy in the 12 months to September 2025, with the country's insurance industry being a major player, according to the latest "State of the Sector" report by the Financial Services Council (FSC) of New Zealand.
Gallagher Re has promoted Mr Richard Jones to the position of Chairman, APAC, and Mr Roshan Perera to the position of Managing Director, Head of APAC.
ACE New Zealand has announced a new multi-year partnership with Gallagher, which is geared towards supporting New Zealand's consulting and engineering community with insurance, risk management and employee benefit.
Insurance law firm Kennedys has promoted Mr James Melvin to the position of Regional Managing Partner for APAC, effective 1 March 2026, and Ms Nicole Wearne to the position of Australian Managing Partner.
Willis, a WTW business, has appointed Ms Michelle Ng as Head of Risk and Analytics, Pacific.
Lloyd's has promoted Ms Emma Loynes to CEO of APAC and MEA (APMEA). She will retain her current position of Singapore country manager and CEO at Lloyd's of London Asia.
In 2025, APAC experienced a sharp escalation in risks linked to political instability, armed conflict, and terrorism, with countries like Pakistan and Indonesia going through civil unrest.
IAG New Zealand, the largest general insurance company in New Zealand, has announced an insurance profit of A$268m ($189m) (1H2025: $311m) for the six-month period ended 31 December 2025.
Zurich Financial Services Australia (Zurich Australia and New Zealand) and Zurich Cover More have appointed Mr Blain Waterford as Head of Travel, Australia and New Zealand.