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ASIC roundup: Macquarie Securities sued, Zurich pays out, and ex coconut water CEO sentenced

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GRIP Montage: ASIC/Getty Images

Martina Lindberg, Martin Cloake

6 min read
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The Australian Securities & Investments Commission’s latest actions and news, May 12 – 16, 2025.

Zurich pays out for trauma insurance claims handling failure – May 16, 2025

Infringement notices totaling A$37,560 ($24,149) have been issued by ASIC against Zurich Australia Limited for allegedly making false or misleading statements to two policyholders about their entitlement to benefit payments.

The firm declined two trauma insurance claims on the basis that

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