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Specialty insurer Beazley has secured $300 million in cyber reinsurance protection through its latest cyber catastrophe bond, PoleStar Re Ltd. (Series 2026-1). This is the fourth and largest 144A cyber disaster bond issued by Beazley, a subsidiary of PoleStar Re Ltd. This means the insurer has $670 million in cyber catastrophe bonds and more than…

American International Group (AIG), an insurance organization serving commercial, institutional and individual clients, announced the appointment of Scott Leney as President of AIG Asia Pacific. In this role, Lenny will be responsible for AIG’s operations in Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, South Korea, Hong Kong, Taiwan, Vietnam and the Philippines. Leney has more…

Abu Dhabi, led by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO), has launched the Fintech, Insurance, Digital and Alternative Assets (FIDA) Cluster, a coordinated initiative to accelerate innovation across the financial sector and enhance Abu Dhabi’s global presence in capital markets. FIDA is a core element of…

Nick Hankin has been appointed Managing Director of QBE Re, the reinsurance arm of QBE Insurance Group, with effect from 1 January 2026. Hankin, currently chief underwriting officer (CUO) of QBE International, succeeds Chris Killourhy, who moved to group chief financial officer earlier this year. According to the announcement, Hankin will retain his responsibilities as…

Swiss Re, a global provider of reinsurance, insurance and risk solutions, has announced a series of leadership changes for its Life & Health (L&H) European business. The announcement outlines new appointments and changing roles designed to enhance collaboration across regional centers, streamline operations and ensure customers and partners continue to receive timely and consistent support….

Stephan Wirz, chief commercial officer and member of the management board of Prague-based reinsurer VIG Re, said the biggest challenge facing the reinsurance market is “maintaining the credibility of our industry” by the end of 2025 and proving to investors that “over time it can deliver returns commensurate with the risk.” In a recent interview…

DAC Beachcroft, an international law firm known for its work in the insurance, health, real estate and commercial risk sectors, reports that the 2026 timeline for PFAS-related claims and regulation could see significant developments. Their analysis points to increasing legal risks faced by manufacturers and increased pressure on global regulators to clarify compliance frameworks. DAC…

Chubb, a major US insurance company, announced the appointment of Chris Colahan as head of commercial property and casualty insurance for Asia Pacific, effective February 9, 2026. In this role, Colahan will oversee the strategy and performance of Chubb’s commercial property and casualty business in the Asia Pacific region, with overall responsibility for operations and…

Global insurance intermediary Howden Group has completed an equivalent refinancing of approximately US$3 billion and an increase in US dollar and euro term loan B facilities, with the transaction closing on December 11. The $1.6 billion Term Loan B Facility was refinanced, resulting in a 75 basis points reduction in margins over SOFR to 275…

Zurich-based catastrophe insurance data provider PERILS has provided the first insurance industry loss estimate for the severe convective storm (SCS) that hit Australia’s east coast in late October, putting it at A$1.108 billion (US$736 million). On October 29, the Insurance Council of Australia (ICA) declared the hail that affected the Brisbane region on October 26…