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Brokers tag returned 187 results

  • Lebanon: Moves afoot to form regional insurance brokers' grouping

    The Lebanese Insurance Brokers Syndicate has informed the Minister of Economy and Trade, Mr Mansour Batish, of the proposed establishment of a regional association of Arab insurance brokers to be based in Lebanon.

    Middle East | 15 Jul 2019
  • Egypt: Insurance market has 81 brokerage firms

    The number of insurance brokerages in Egypt has grown to 81, following approval granted by the Financial Regulatory Authority (FRA) to Omni and BrokerCare in recent weeks.

    Middle East | 14 Jul 2019
  • Broker's new recruit to lead broking operations in Hong Kong

    Willis Towers Watson has appointed Ms Lihui Gong as head of broking for Hong Kong. She will be part of the regional team and reports to Mr Ben Dunston who is head of broking in Asia.

    Asia | 10 Jul 2019
  • Global broker network expands presence in Asia

    Brokerslink has strengthened its presence in Asia after South Korean LK Insurance Services and Malaysia-based State Insurance Services joined the broking network as affiliates this week. It now has a total of three new Asian affiliates with Singapore-headquartered John Foord joining in March of this year. This is said to have boosted its capabilities and access to local expertise within the region.

    Asia | 09 Jul 2019
  • India: Local players object to 100% foreign ownership in brokerages

    Domestic insurance brokers have lashed out at the government's Budget proposal to raise the limit of foreign direct investment (FDI) from 49% to 100% in the insurance intermediary industry. The brokers fear that small and medium sized local firms will be pushed out of the market.

    Asia | 09 Jul 2019
  • India: Budget allows 100% FDI in intermediaries; FDI cap in insurers to be reviewed

    India's annual Budget for the fiscal year ending 31 March 2020 (FY2020) has set a target of growing the country into a $5trn economy by 2024-25 from $2.7trn currently, and focuses on India becoming a part of the global financial system.

    Asia | 08 Jul 2019
  • Hong Kong: Regulator announces monetary penalty for licensed insurance intermediaries

    The Insurance Authority (IA) has published consultation conclusions on the 'Guideline on Exercising Power to Impose Pecuniary Penalty in Respect of Regulated Persons' under the Insurance Ordinance. The guideline suggests that a monetary penalty should be effective, proportionate and fair in the event of improper conduct.

    Asia | 28 Jun 2019
  • New licensed broker enters Singapore market

    Windward Insurance Broker is now open for business with the approval of its licence by the Monetary Authority of Singapore (MAS) in February 2019 and the appointment of its core team members.

    Asia | 28 Jun 2019
  • IASB consults on amendments to aid implementation of IFRS17

    The International Accounting Standards Board (IASB) has proposed amendments to the insurance contracts standard, IFRS17, for public consultation in the limited scope exposure draft (ED) on 26 June. A 90-day comment period has been set, with responses to the amendments due by 25 September.

    Asia | 28 Jun 2019
  • BHSI names Mark Walker as head of customer and broker engagement for the UK

    Berkshire Hathaway Specialty Insurance (BHSI) announced that it has expanded its team in the UK with the appointment of Mr Mark Walker as head of customer and broker engagement.

    People | 28 Jun 2019

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