Tokio Marine HCC International (TMHCCI) has promoted Ms Gülsah Dagdelen to the role of Head of Cyber - International.
Liberty Mutual Reinsurance Group (LM Re), part of Liberty Mutual Insurance Group, has promoted Mr Tom Spurgeon to the role of Global Head of Cyber Reinsurance.
Crescent Egypt Insurance Brokers has welcomed Dr Mahmoud Ahmed El-Sherif as Chief Commercial and Marketing Officer.
Composite insurance rates in the second quarter decreased 16% in the India, Middle East, and Africa (IMEA) region, the biggest fall across all regions analysed, according to Marsh, the global leading insurance broker.
Commercial insurance rates across Asia declined by 5% in the second quarter of 2026, with cyber insurance recording the sharpest fall as insurer capacity and competition continued to increase across the region, according to Marsh's latest Global Insurance Market Index.
Cyber threats across Asia-Pacific are becoming increasingly sophisticated, driving insurers to shift from traditional risk transfer towards more proactive cyber resilience.
China's financial regulator has proposed new cybersecurity rules for insurers and banks that would strengthen executive accountability, tighten risk monitoring requirements and impose stricter penalties for failures in cyber incident management.
NZI, a brand of IAG, has announced the appointments of Mr Kent Chaplin as Head of Liability, effective September; and Mr Troy Sexton as Executive Manager, Portfolio Performance and Strategy, effective 20 July 2026.
Allianz Partners has promoted Mr Carsten Staat to the role of Regional Managing Director for MEA, effective 1 August 2026.
AIG has appointed Ms Christine Williams as Head of Global Client and Broker Relationships, effective 1 September 2026.