Sat, 18th Oct 2025

In the October 18th, 2025, edition of the Daily Financial Services News Wrap, Paige Estritori discussed key developments in the Australian finance, insurance, and caravan sectors. Westpac Banking Corp has divested its auto finance loan book to Resimac Group, reflecting a focus on its core banking operations. In the caravan industry, Crusader Caravans launched a budget-friendly series, the Dreamhaven, targeting first-time buyers, while Melbourne-based Titanium Caravans introduced two luxury off-road models, the WS1 and TS1. Lastly, the insurance sector reported historic at after-tax profit of $6.1 billion in the past year, attributed to premium hikes and reduced claims due to fewer natural disasters. However, experts caution about potential impacts of climate change and future disasters on sustained profitability.n