Mr Rafat Basim Faris has been named CEO of Lloyd's broker Fenchurch Faris with effect from 22 October 2021.
International insurance broker Howden estimates that as much as $1.5tn of total pension fund capital could be deployed in the (re)insurance space to help close the protection gap in poor communities who are facing the starkest effects of climate change.
BMS, the UK-based independent specialist insurance and reinsurance broker, yesterday announced the acquisition of Seoul-based insurance broker, Value-add Insurance Broker (VIB).
Global risk and reinsurance specialist Guy Carpenter has launched a wildfire risk score (WRS) designed to help clients manage their exposure to the evolving risk of wildfire across Europe.
Costs for large US employers that pay for their employees' medical care will increase on average 5% to more than $13,000 per employee in 2022 according to insurance broker Aon.
Specialist insurer Beazley has received in principle approval from Lloyd's to establish the first ESG Syndicate 4321 from 1 January 2022.
Financial services firm Edelweiss Group has announced the completing its divestment of its majority stake in Edelweiss Gallagher Insurance Brokers Ltd (EGIBL), following approval from the IRDAI.
The insurance sector in Senegal has been resilient overall in the face of the COVID-19 health crisis. In 2020, insurance companies generated premium income of CFA206.27bn ($366m), 5.4% higher than the CFA195.70bn posted in 2019.
A draft regulation allowing foreign insurance group companies to invest in intermediary companies in China is yet to be released publicly even as domestic insurance groups can wholly own an insurance intermediary, notes the Insurance Working Group of the EU Chamber of Commerce in China.
Brokers are under more pressure than ever according to Ecclesiastical Insurance's latest Broker Wellbeing Survey.