Nasdaq-listed Huize Holding is targeting entry into two new Southeast Asian markets within the next 12 months, with ambitions to become a leading pan-Asian digital insurance platform.
WTW, a leading global advisory, broking, and solutions company, yesterday announced the launch of a new China Client Division within Corporate Risk and Broking, North America (CRB NA), marking a significant milestone in the company's strategy to expand its presence and broaden offerings focussed on the Chinese market.
The East Asian Insurance Congress (EAIC) is back, and is currently taking place in Hong Kong where it recovers its mantle as the largest and most recognised event of its kind in the region.
The Ardonagh Group, one of the world's largest independent insurance broking platforms, has announced that PSC Insurance Group's shareholders have voted in favour of its proposed A$2.3bn ($1.6bn) acquisition by Ardonagh.
Lockton has appointed Mr Deven Lim as CEO of Lockton, Singapore, effective 1 October and Mr Fred Boles as regional head of professional and financial risks (ProFin).
The Central Bank of the UAE (CBUAE) has issued the new "Insurance Brokerage Regulation 2024" that will come into force on 15 February 2025. Several new provisions are introduced to improve governance in areas like claims settlements, brokers' remuneration and the collection of premiums. The new Regulation repeals Insurance Brokerage Regulation 2013.
Price Forbes Asia has appointed Mr Thomas Russell as director, head of Australian and New Zealand wholesale. The role is newly created.
Price Forbes Re has appointed Mr Oliver Waterhouse as head of property facultative. In his new role, he will spearhead the property facultative division, a core area of growth for Price Forbes Re.
Zurich Kotak General Insurance (India), formerly known as Kotak Mahindra General Insurance Company, has appointed Mr Ajey Hegde as head of commercial insurance. In his new role, he will scale the company's portfolio and deliver tailored solutions that meet the evolving needs of Indian businesses.
The Ardonagh Group has appointed Mr Mark Mitchell to support the expansion of its business operations in Asia. In his new role, he will work with Ardonagh's businesses in the region, Envest and Price Forbes, to explore opportunities to expand retail and wholesale broking and develop new MGA capabilities.