The Australian insurer's newly appointed COO Jane Murray has been with the firm for three years. CPO Kristin Miller joined the insurer from one of Australia’s largest industry superannuation funds.
Sumitomo Life Insurance has maintained its strong 'A+' rating from Fitch Ratings, amid steady expansion in APAC and potential for a recovery in underwriting profitability.
APAC reinsurers seeing rising premium rates, adequate capital buffers, and improved investment returns — but still face risks, including costlier retrocession and heightened market volatility.
The insurer will test a four-day work week for 250 employees over six months, which will be observed by Macquarie University’s Health and Wellbeing Research Unit — to monitor productivity, employee satisfaction,...