Jessica Li is a Junior Reporter at (Re)in Asia, following the appointments, ratings and deals shaping the region's insurers. Areas of specialty include senior people moves, insurer ratings actions, and M&A across marine, financial and reinsurance lines in markets including Vietnam, Hong Kong, Korea and India.
The loss figure covers property and motor hull lines of business, in line with the PERILS coverage definition for Australia and based on data collected from affected insurers.
Ratings affirmation and outlook upgrade came as FWD Group moved from its inaugural full-year profit of US$10m in 2024 to US$39m in the first half of 2025, driven by new business growth.
The breach exposed personal data from 33.7 million accounts, leaving Coupang facing potential compensation claims of trillions of KRW, far exceeding the insurance policy’s limit.
(Re)in Summary
• Mitsui Sumitomo Insurance (MSI) now holds at least a 12.5% stake in W. R. Berkley Corporation. • This triggers a requirement for the Berkley family to recommend an MSI designee...
