Nasdaq-listed Huize Holding, which operates an online insurance products and services platform in China, says that it is very focused on landing on its next market outside mainland China in the next two quarters of this year.
Gallagher Re has appointed Mr George Sherriff as CEO and Mr Tsuyoshi Noguchi as chairman.
Insurance intermediary licences are now being offered at basement bargain prices, compared to once-high prices demanded when many investors rushed to acquire such licences.
Lockton Korea is focusing on organic growth, in line with the group's management approach and plans to achieve 20% annual growth under the latest plan, according to Mr Ben Son, CEO of the brokerage.
The National Financial Regulatory Administration (NFRA) has granted approval to Shenzhen BYD Property Insurance to adopt statutory automobile liability insurance (SALI) terms and premium rates in eight markets in China.
The Ardonagh Group, one of the world's largest independent insurance broking platforms, has entered into a Scheme Implementation Deed (SID) to acquire all of the issued ordinary shares in PSC Insurance Group.
The Nasco Insurance Group, an international group that specialises in direct and reinsurance broking, has acquired the retail insurance broking company, Crescent Global Insurance Services (Crescent).
The sales of insurance policies directly by insurance companies still dominate the Saudi insurance market, as the percentage of policies sold through insurers was around 50.3% in 2023, compared to 46.1% through insurance brokers and 3.6% by insurance agencies.
MixCare Health, an emerging Hong Kong digital health and wellness platform company, has partnered with international health insurance broker and employee benefits specialist Pacific Prime to revolutionise the delivery of health and wellness benefits for Hong Kong employers.
Chedid Capital has announced the acquisition from the Husson Family of the remaining 20% stake in Groupe Ascoma, sub-Saharan Africa's leading independent brokerage network.