IAG aware of ‘billions of dollars’ of policies issued to Greensill: report

A month in, Australian insurers face ‘a lot of work’ adapting to FAR’s increased accountability

Financial Accountability Regime (FAR) requires insurers to map their organisations, responsibilities, and remuneration structure, while the upcoming merger control reforms aim to protect competition in the market.

Just the tip of a liability iceberg as PFAS risks become apparent, but legal reform roadblocks remain

Firms are set to be drawn into litigation, but changes to the law in Australia are unlikely as they could potentially open the government to significant risks, according to a Sydney-based lawyer.

IAG to release US$125m from provisions after favourable court decree

Carrier will include the released amount in the ‘net corporate expense’ line in the financial results for the six months to December 31, 2024.

Ketan Mehta joins Gallagher India as chief compliance officer

Mumbai-based Mehta has over 17 years of experience in risk management and compliance, specialising in FCPA, fraud investigations, business process reviews and regulatory compliance.