The Dubai Financial Services Authority (DFSA), the independent financial services and markets regulator of Dubai International Financial Centre (DIFC), has imposed a fine of $455,176 on reinsurance brokerage Ed Broking (MENA) for a number of contraventions of DFSA legislation, including engaging in misleading and deceptive conduct.
Global reinsurance brokerage Gallagher Re has named Mr Fabrice Jerlin as its new Chairman for the Middle East and Africa.
Aon has appointed Mr Karl Hamann as CEO of the Philippines, effective 1 April 2026 and subject to regulatory requirements.
The Financial Regulatory Authority (FRA) has extended the deadline granted to companies operating in the actuarial, insurance and reinsurance brokerage, inspection and damage assessment, and insurance consulting segments an additional six months to increase their capital.
Insurance and reinsurance professional Minesh Jani is set to join Gallagher Reinsurance India (AJG India) as CEO.
The Nigerian Council of Registered Insurance Brokers (NCRIB) plans to an insurance brokerage marketplace in Aba to extend microinsurance services to traders and small-scale businesses.
The Fidelis Partnership (TFP) has appointed Mr Mark Khan as Head of Broker Relationships.
Guy Carpenter has appointed Mr Ankur Mehta as Managing Director for India. With over two decades of experience in the region, Mr Mehta brings extensive expertise in strategy development and cross-functional team leadership within the insurance and reinsurance sectors.
AI12, a specialist (re)insurance broker headquartered in the DIFC, has appointed Mr Edward Sheppard as Chief Broking Officer.