Australia financial services minister defends brokers commisions
October 22 2024 by Joana Nguyen
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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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ACCC chair calls for strata commission ban as media report alleges Steadfast misled clients via opaque schemes
- September 9
The broker's shares on the ASX entered a trading halt pending it releasing an announcement following the allegations by ABC in its investigative report.
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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.
