APRA plans to modernise Australia’s prudential architecture and has started to overhaul its framework, APRA chair Wayne Byres revealed today.
War hits Munich Re Q1 results
The financial consequences from the war in Ukraine and sanctions against Russia have severely affected Munich Re’s first quarter, the reinsurer revealed in its latest results today (May 10).
Private health insurance in death spiral
Australia’s private health Insurance (PHI) industry urgently needs a rescue plan to stop its death spiral, a Grattan Institute report released today, warns.
Guy Carpenter launches Asia Pacific catastrophe advisory group
Global risk and reinsurance specialist Guy Carpenter & Co yesterday launched an Asia-Pacific catastrophe advisory group, which will be lead by its Australia and NZ property treaty broking team leader Jeremy Waite.
AMP mulls portfolio split up
AMP Ltd’s board plans a portfolio review of the Group’s assets and businesses as part of its transformation strategy to create “a simpler, leaner business”. Credit Suisse, Goldman Sachs and King & Wood Mallesons have been appointed AMP’s advisers to manage the review.
NDIS taskforce in large-scale insurance fraud raids
The National Disability Insurance Scheme (NDIS) Fraud Taskforce has raided several premises as part of an investigation into large-scale fraud allegedly committed by a western Sydney healthcare practitioner.
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