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Media releases

The Australian Prudential Regulation Authority (APRA) today announced the disqualification of Mr Ashraf Kamha from being, or acting as, a director or senior manager of a general insurer or authorised non-operating holding company (NOHC), or a senior manager or agent in Australia of a foreign general insurer, effective 20 March 2008. The announcement of Mr Kamha’s disqualification was deferred by APRA pending the resolution of other proceedings relating to the HIH Insurance group of companies (HIH).

The Australian Prudential Regulation Authority (APRA) has today released draft guidance on the management of reserves by APRA-regulated superannuation trustees.

The Australian Prudential Regulation Authority (APRA) has today released for public consultation draft guidance on managing conflicts of interest for APRA-supervised superannuation trustees (known as Registrable Superannuation Entity (RSE) licensees).

The Australian Prudential Regulation Authority (APRA) today released its December 2008 Quarterly Superannuation Performance publication, which shows total assets fell over the quarter by $87.2 billion, or 7.6 per cent, to a total of $1.05 trillion.

The Australian Prudential Regulation Authority (APRA) today released the fourth set of annual reports on policies and claims for public and products liability (PL) and professional indemnity (PI) insurance from the National Claims and Policies Database (NCPD). These reports include information on policies and claims as at 31 December 2007.

The Australian Prudential Regulation Authority (APRA) has been invited to become a member of the Basel Committee on Banking Supervision, the global standard-setting body for banking regulation.

The Australian Prudential Regulation Authority (APRA) today released its Annual Superannuation Bulletin with figures for the financial year to 30 June 2008. Total superannuation assets fell over that year by $25.1 billion, or 2.1 per cent, to $1.17 trillion.

The Australian Prudential Regulation Authority (APRA) today released the first edition of a new quarterly statistical publication on life insurance, with figures for the June and September quarters for 2008.

The Australian Prudential Regulation Authority (APRA) today released its Half Yearly General Insurance Bulletin which is compiled from audited annual returns from APRA-regulated general insurance companies for their financial years ending in the period 1 July 2007 to 30 June 2008.

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