Multidisciplinary forensic and technical consultancy Halliwell has strengthened its presence in the Asia-Pacific (APAC) region with the acquisition of ExcelPlas, Australia's leading polymer specialist.
Nigeria's insurance regulator, the National Insurance Commission (NAICOM), has turned over the operations of African Alliance Insurance to a new Board of Directors and management team.
MS Amlin has appointed Ms Kirsten Mitchell-Wallace as Chief Risk Officer (CRO) and Mr Philip Young as Chief Information Officer (CIO). Both appointments are subject to regulatory approval.
Governments in several countries, such as Japan, have released statements welcoming the Iran-US memorandum of understanding (MoU ), mentioning in particular, free and safe navigation through the Strait of Hormuz.
AI may be shifting from an emerging capability to a core part of how Australian businesses operate, but new research has shown that this shift is also rapidly reshaping cyber risk, turning what was once seen primarily as a productivity and efficiency enabler into a current and increasingly complex operational challenge.
The Australian Prudential Regulation Authority (APRA) has written to banks, insurers and superannuation funds, setting out its minimum expectations in relation to their readiness for geopolitical shocks.
Although the US-Iran peace memorandum of understanding and the reopening of the Strait of Hormuz present a positive signal, the market is unlikely to view this as a definitive turning point at this stage, said Willis Head of Marine, Asia Lewis Hart.
From a risk management perspective, the Iran-US MOU should be assessed beyond its immediate political implications. For the insurance industry, the key question is whether this framework creates sustainable regional stability or only provides a temporary reduction in uncertainty, according to Ms Ashwag Alzahrani, an actuary and co-founder of Saudi Arabia's Risk IQ Consulting.
Lockton Asia has appointed Ms Sandra Lee as Chief Growth Officer - Risk Solutions, Asia, and Mr Yuman Chan as Chief Growth Officer - People Solutions, Asia.