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Corporate and specialty insurance company HDI Global has expanded its presence in the Asia-Pacific region with the opening of a representative office in Seoul, South Korea. This new presence in one of Asia’s major insurance markets enables HDI to strengthen relationships with local brokers, cedants and customers. The Seoul office will work with a dedicated…

CyberCube predicts that 2026 will usher in a phase of AI disillusionment as boardroom optimism and conference hype collide with the constraints of legacy systems, fragmented data and regulatory caution, although those who apply AI with discipline and focus will still be rewarded. “As the cyber insurance ecosystem continues to evolve, one fact has become…

Global insurance and reinsurance broker Marsh Asia has appointed Jason Mandera as Chief Executive Officer (CEO) of Marsh McLennan Indonesia, effective January 1, 2026. Mandera has been with Marsh for more than 16 years, most recently serving as president. Prior to that, he served as Director of Professional and Placement from 2019 to 2025, where…

Non-life runoff specialists have moved far beyond their traditional role as book managers and are now seen as core strategic capital partners for insurers, according to a new report from credit ratings agency AM Best. The ratings agency noted that these companies are increasingly helping insurers free up capital, simplify group structures and sharpen focus…

Aon’s Reinsurance Solutions, the reinsurance arm of global brokerage Aon, has promoted Neha Shah to head, life and health (L&H), India. In her new role, Shah will lead the delivery of tailored life and health reinsurance solutions in India, supporting clients in managing risk and driving profitable growth. She will continue to work with Aon’s…

Jefferies analysts say Bermuda’s newly enacted tax credit system could significantly reduce the corporate tax burden on the island’s reinsurers/insurers, which could have short-term accounting implications and longer-term implications for earnings forecasts. For those unaware, the Bermuda Tax Credits Act, enacted on 11 December 2025, introduced tax credits related to wages, local spending and community…

Global reinsurer Hannover Re has announced the appointment of Huang Kun as CEO of its Shanghai branch. Mr Huang joins Hannover Re from Chaucer for six years, most recently as chief communications officer. Prior to that, he served as Managing Director of China Re Agency Co., Ltd. and Director of Risk Management Department of China…

Zurich-based global reinsurer Swiss Re has promoted Christophe Heck to head of life and health (L&H) markets for France, Benelux and Switzerland. In his new role, Heck will be based in Zurich and lead Swiss Re’s L&H Reinsurance team in the French, Benelux and Swiss markets. He brings more than a decade of industry experience…

The Insurance Council of Australia (ICA) has declared the severe bushfires affecting Victoria since 7 January 2026 a major incident, with state fire authorities continuing to battle out-of-control blazes with total structural damage exceeding 350. The ICA said its initial disaster response has now been launched, allowing the council and insurers to begin assessing the…

Australian insurer Suncorp has revealed that its total cost of natural catastrophe events in the first half of 2026 (H1’26) is expected to be A$1.319 billion, well above its budget of A$866 million, eroding the majority of its A$1.77 billion provision for full year 2026 (FY’26), meaning the carrier will recover through reinsurance. As we…