ACCC chair calls for strata commission ban as media report alleges Steadfast misled clients via opaque schemes
September 9 2024 by InsuranceAsia News
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Australia financial services minister defends brokers commisions
- October 22
Minister Stephen Jones confirms that broker commissions are safe and they are not the issue at the heart of the recent allegations from the Australian Broadcasting Corporation on hidden fees and secret kickbacks in the strata industry
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New South Wales passes tougher strata law to restore confidence
- September 20
The new law bans managing agents from receiving a commission on insurance products when they don’t play a role in finding the best deal for residents, as it seeks to crack down on agents who do not properly declare conflicts of interests.
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Steadfast refutes ABC’s allegations of kickbacks, misleading customers
- September 10
The Australian broker said that it is "disappointed that important information has been selectively presented” in a recent media report about its practices in strata insurance.
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AUB launches third strata MGA Rubix Underwriting as division’s pre-tax profit surges 58%
- August 23
The new entity will have Lloyd's as the capacity provider and will allow the broker to grow its strata portfolio which already includes brands SUU and Longitude.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
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PineBridge Investments | Why Asian insurers are exploring private credit and CLOs
The recent rollout of risk-based capital regimes across Asia calls for a closer alignment between insurers’ assets and liabilities. We explore potential ways to maintain a healthy investment yield and robust returns on regulatory capital.
