The bushfires have damaged at least 20 homes, critical infrastructure, fencing, agricultural assets, and national parks in the state, and killed one firefighter, according to initial assessments.
(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...
As part of 'refreshed' strategy, reinsurer has raised L&H unit's 2026 income target to US$1.7bn, having completed a portfolio review in Australia, Israel, and South Korea.
The firm's new business profit also rose 12% to US$1.96bn for the first 9 months of 2025, driven by a 6% increase in annual premium equivalent and a stronger profit margin.
The Japan edition of SAP Fioneer Cloud for Insurance includes features tailored for local regulatory and business needs, with support and implementation managed by Fujitsu.
