Africa Specialty Risks (ASR), the developing markets focused (re)insurance group, has announced that ASR North Africa has received approval to operate as a service company from Lloyd's, allowing it to underwrite in the kingdom on behalf of Syndicate 2454.
Marsh Specialty has appointed Mr Andrew George as president. He will also join the Marsh Executive Committee.
AXA XL Insurance has appointed Ms Sylvie Gleises as regional CEO, Asia, effective 24 March 2025. In her new role, she will oversee AXA XL's strategic direction and operations across the region, reinforcing the company's commitment to one of the world's most dynamic commercial insurance markets.
Lockton has appointed Mr Jaideep Sharma as the regional head of specialties for Lockton Asia, effective 17 March 2025.
Liva Group, a leading insurance group operating across the GCC, and Relm Insurance -- a specialist insurer dedicated to emerging sectors -- yesterday signed a strategic partnership to empower innovation and entrepreneurship in emerging sectors such as digital assets, AI, biotech and the space economy.
The West African Development Bank (BOAD) and Africa Specialty Risks (ASR) have signed an agreement to carry out a feasibility study on the establishment of a captive insurance company.
Highlights of Miller's results for the year ended 31 December 2024 included group EBITDA margin remaining in excess of 30%, even after investments in teams, technology and capabilities, total gross written premium placed of approximately $4bn and total revenues of £271m ($341.7m), a 13% increase on 2023.
Howden Hong Kong has appointed Mr Steve Hutchinson as chief broking officer.
Gallagher has appointed Mr Ajit Horra as CEO and principal officer of India, subject to regulatory approval. In his new role, he will lead the team headquartered in Mumbai, with regional offices in Bengaluru, Bhubaneshwar, Chennai, Delhi, Gurugram, Guwahati and Kolkata.
Miller has announced new appointments to its further expansion into Asia with the launch of Miller Korea. They are Mr David Kim as head of Korea, Mr Andrew Kim, Mr Tae Hoon Kim and Ms Youngkum Yoon as head of finance and operations.