Why crypto losses can fall through insurance coverage. No exclusion, still no coverage. A business can lose digital assets and find that none of its insurance responds, even when no policy mentions cryptocurrency. Speaking at the 2026 RIMS Canada Conference, WTW's fintech and digital asset practice leader said the usual problem is not an explicit exclusion. It is that the policy wording never anticipated how digital-asset transactions work, so the coverage is never triggered. Crime, cyber and errors and omissions policies are where these gaps show up most often. Where the gaps hide. Some policies define war broadly enough to exclude attacks by state-backed hacking groups, which are behind several of the largest crypto thefts. A smart contract manipulated in a way its developer never intended may not count as an error or omission. Many businesses also run on blockchains they do not own, so the system may not qualify as their computer system under a cyber policy. A single incident can touch crime, cyber, E&O and directors and officers coverage at once, with each insurer arguing another policy should pay. How to close them. The advice is to review how each policy defines money, property, computer systems and employees, and to walk your underwriter through specific loss scenarios before a claim happens. Disclose any digital-asset activity on your application, align wording across policies or keep them with one insurer, and have missing coverage written in where needed. As the speaker put it, always read the fine print.

Future Group finalises change of trusteeship. Investment | / | / | / | / | Future Group finalises change of trusteeship BY RIDDHIMA TALWANI | MONDAY, 2 NOV 2026 3:05PM Future Group's Stewarda has taken over the trusteeship for its superannuation fund, Smart Future Trust, from Equity Trustees Superannuation Limited (ETSL), effective November 1. Smart Future Trust includes brands Future Super, smartMonday, GuildSuper, Child Care Super and Verve Super. The governance and oversight of the five funds are now handled by Stewarda, which is part of Future Group. Its mandate as trustee covers governance, risk management and compliance. This comes after Future Group agreed to acquire Stewarda from WTW in June 2026. The takeover was pending regulatory approval, which have now been achieved. Stewarda chair Jeremy Cooper said the new trustee will provide strong governance and oversight as the funds continue to serve their members. "Stewarda is purpose built to deliver long-term outcomes and robust governance in the best financial interests of members in all five of Future Group's superannuation brands," Cooper said. "Its board brings deep experience across superannuation, financial services, investment management, governance and risk to support this important work. "Future Group's work to establish Stewarda and internalise the trustee will create a closer connection between fund governance, operations and long-term planning." Cooper served as deputy chair of ASIC from 2004 to 2009 and subsequently led the government's Super System Review, widely known as the Cooper Review. The Stewarda board also includes Virginia Malley, Keri Pratt, Shailendra Singh, Lee Brennan and Sharon Davis. Future Group chief executive Simon Sheikh said the appointment of the new trustee represents an important step in the growth and governance journey of the group. "Bringing the trustee function into Future Group supports an integrated governance model aimed at continuing to deliver the best possible outcomes for all our members across the five Future Group superannuation brands," Sheikh said. "Stewarda's experienced and majority independent board will provide dedicated oversight of Smart Future Trust, while remaining focused on delivering long-term outcomes for members." Read more: Future Group, Stewarda, Smart Future Trust, Equity Trustees Superannuation Limited, Jeremy Cooper, Simon Sheikh, Child Care Super, Cooper Review, Future Super, GuildSuper, Keri Pratt, Lee Brennan, Shailendra Singh, Sharon Davis, smartMonday, Super System Review, Verve Super, Virginia Malley, WTW VIEW COMMENTS Related News | | | Sustainable investment delivers strong returns: NZ Super | | | | Future Group joins fight against deforestation | | | | Government delivers more 'teeth' to modern slavery act | | | | Investment groups form alliance against modern slavery | | | | Future Group partners with Aberdeen Investments | | | | Private sector pushes for NZ modern slavery law | | | | Future Group accelerates energy transition goals with fresh mandate | | | | Future Group calls for 25% gas export levy | | | | Future Group names chief investment officer | | | | Green moves: Macquarie AM, RIAA, U Ethical, UNLESS Financial Editor's choice. Frontier Advisors has appointed former Principles for Responsible Investment (PRI) specialist Aneesha Singh as responsible investments consultant, strengthening its advice to asset owners on climate, sustainability and responsible investment. Australian Ethical will drop its decade-long auditor KPMG and will soon begin the competitive tender process for a new external auditor from FY28. Four Australian philanthropic foundations have united to establish the Catalytic Capital Consortium Australia (C3 Australia), a partnership designed to increase the flow of catalytic capital in Australia. Fifteen financial institutions have called on global sustainability standard-setters to develop a dedicated nature-related disclosure standard, warning that a fragmented approach could undermine investor comparisons and efforts to address biodiversity loss. Videos. Further Reading

WTW promotes Tyrrell to head Bermuda captive and insurance management business. WTW promotes Kisha Tyrrell to head of its captive and insurance management solutions business in Bermuda. Tyrrell was previously head of underwriting and claims, Bermuda, at WTW, a role held since January 2025. In the new role, Tyrrell will focus on strengthening client relationships and further building WTW's position in Bermuda's captive insurance market. WTW says Tyrrell has more than 18 years of experience spanning captives, underwriting strategy, risk management, governance and client relationships, including working with captive boards, chairing underwriting committees, supporting governance and regulatory oversight, and advising on complex insurance and reinsurance arrangements. Before joining WTW, Tyrrell spent 16 years at HSBC Insurance (Bermuda), joining as an underwriting executive in October 2008 and progressing through assistant underwriter and underwriter to head of underwriting, a role held from September 2018 to October 2024. The underwriting work covered property and casualty and employee benefit business, working with fronting insurers, brokers and the actuarial team on risk acceptance and pricing. Earlier, Tyrrell was an insurance broker at Crump International in Bermuda from 2006 to 2008. Peter Carter, global head of captive and insurance management solutions at Willis, says: "We're delighted by Kisha's promotion to lead our Bermuda captives team." Tyrrell says: "Building trusted, long-term relationships with clients, colleagues and business partners has been central to my career, and I look forward to leading our team in Bermuda. My priority is to continue delivering a consistently high standard of service, building on the experience and expertise of our Bermuda team while encouraging greater collaboration across the wider WTW network."