Australia: APRA implements minor updates and releases survey findings

Published on September 18, 2025
The Australian Prudential Regulation Authority (APRA) has implemented minor updates to the Private Health Insurance (Health Benefits Fund Enforcement) Rules 2025 and the Private Health Insurance
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Salama to reduce its share capital

September 17, 2025
(Salama insurance) The Board of Directors of Islamic Arab Insurance Company (SALAMA) passed a resolution at its meeting on 11 September 2025 to reduce the company’s share capital by 475 710 293 AED (129 505 467 USD).Following this capital reduction, the insurer plans to issue sukuk (Islamic bonds) amounting to 175 million AED (47.6 million USD).SAL

Lockton names Rapciewicz as US Casualty Leader & Cullen as Head, Excess Casualty & Operations

September 18, 2025
Lockton, a global independent insurance brokerage, has appointed Peter Rapciewicz as US Casualty Leader, and Jessica Cullen as Head of Excess Casualty and Operations, based in New York City.In his new role, Rapciewicz will oversee the strategic direction and growth of Lockton’s casualty offerings across the US, reporting directly to Devin Beresheim, Lockton’s US Risk Solutions Leader.Cullen will h