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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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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Australian cyclone pool kicks off strata premium rate review
- June 24
The main change being considered is the introduction of mitigation discounts on wind premium rates for eligible strata policies to improve incentives to reduce and mitigate risk.
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HSBC Asset Management | The hunt for diversification and performance revitalizes appetite for 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.
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Peak Re | Emerging Asia middle class: A catalyst for change
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
