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Clarification:

In last week’s article on the latest Australian Prudential Regulation Authority general insurance institution-level statistics, insuranceNEWS.com.au reported the results for WR Berkley, which the company says has not written any significant business in Australia since 2014.

Instead the company concentrates its local business through Berkley Insurance Company, which had gross earned premium of $150 million, gross incurred claims of $104 million and $3 million net profit for the year to December 31.