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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…

Novatae Risk Group, a wholesale insurance brokerage, managing general agency and program manager, announced the appointment of Walter Juergens as its new chief financial officer (CFO). In his new role, Juergens will be responsible for Novatae’s overall financial management. His responsibilities include driving strategic financial thinking and implementing change across the organization. The executive will…

Allianz SE, a holding company of Allianz Group, announced a global partnership with artificial intelligence (AI) research and development company Anthropic to accelerate the development of responsible artificial intelligence in the insurance sector. The partnership focuses on three key projects within the Allianz Group and aims to empower Allianz employees and accelerate operations while setting…

Global reinsurance brokerage Gallagher Re has announced the appointment of Georgina Meyer as executive director of UK Property. Meyer joins the company with more than two decades of experience in the reinsurance industry, specializing in catastrophe reinsurance and retrocession. Throughout her career, she has built a strong track record of successfully managing complex retrocession placements…

Sanjay Radhakrishnan, chief executive officer (CEO) of EDME Insurance Brokers Ltd, said the country’s reinsurance market is “doing well”, driven by rising insurance penetration and deepening underlying risk pools in the country. Speaking to Reinsurance News, Radhakrishnan said demand has risen in recent years in specialty and infrastructure-related sectors such as insurance, energy, liquidity and…

According to Insurance Capital Markets Research (ICMR), the global specialty reinsurance industry ushered in a glorious final year in 2025. Despite geopolitical fluctuations, increasing trade barriers and huge catastrophe losses, the RISX Net Total Return Index still achieved a total return of 22.3%. This performance not only cemented the index’s reputation as a robust indicator…