Willis has appointed Mr Anant Pawar as aviation and space leader for India. In his new role, he will deliver innovative aviation insurance broking expertise and solutions to Willis' clients across the country.
As the insurance industry undergoes significant transformation, the insurance intermediary sector is grappling with a challenging period of adjustment. Since April, regulatory authorities have revoked the business licenses of three intermediary firms.
Global broking business, Brokerslink, has added brokers from Mauritania and the Ivory Coast to its network. The two new additions bolster its network which has broking partners and affiliates in 41 countries across the African continent.
BMS Group has appointed Mr Jean-Jacques Henchoz as chairman of the board, effective 1 May 2025. He brings more than 20 years of experience.
AM Best has assessed Kay International AMEA's MGA operations (United Arab Emirates) as 'PA-3' (Strong) with a 'Stable' outlook.
The Insurance Brokers Association of India (IBAI) has announced the election of Mr Narendra Kumar Bharindwal as president.
The secretary-general of Thailand's insurance regulator, the Office of Insurance Commission (OIC), indicated that it has found many non-life insurance brokers providing credit to their customers to purchase insurance policies.
In the APAC region, Aon has appointed Mr Soeren Soltysiak as Asia CEO of Reinsurance Solutions, Mr Musa Adlan as managing director, Asia, for Reinsurance Solutions, Mr Pierre Vende and Mr Danny Alexander as co-heads of life and health Reinsurance Solutions, Ms Soojin Kim and Ms Cindy Gu as co-heads of retrocession APAC for Reinsurance Solutions and Mr Tom Drake as chairman of Reinsurance Solutions Speciality, APAC.
Howden India has appointed Mr Saurabh Verma as chief business officer for the country's operations.
The financial authorities are moving closer to announcing a reform plan that includes disclosing the calculation details of insurance sales commissions and extending the payment of the commissions over up to seven years, compared to up to two years at present.