Chedid Re Europe, a member of Chedid Capital Holding, has announced that it has chosen the Kingdom of Saudi Arabia as the headquarters of its regional operations, through establishing Chedid Europe Regional Limited, in line with its strategy to expand its business and operations in the Middle Eastern reinsurance market.
The Insurance and Social Welfare Supervisory Authority (ACAPS) is preparing a new training system for insurance intermediaries and payments companies that are new entrants to the microinsurance market.
New York-listed Waterdrop, one of China's largest listed insurance intermediaries with a technology platform dedicated to insurance and healthcare services, swung its financial performance to black ink in 2022 through heavy cost cutting.
Honan Insurance Group (Honan), one of Australia and New Zealand's fastest-growing brokers, has boosted its service capability and reach in the New Zealand market through the acquisition of established general brokerage, Certus Insurance Brokers (CIBNZ).
The distribution network is picked by several top insurance executives as the most important driver that their companies rely on to grow their business in the next two years.
Insurance brokers are ready to increase their contribution to the insurance business from 60% to 90%.
The professional intermediary channel business including insurance brokerage has become the third largest distribution for life insurance companies in China after the personal agent and bancassurance channels. It is expected to develop at a relatively fast speed in the next few years.
Gallagher Re, the global reinsurance broking and advisory firm, yesterday announced plans to expand its operations in India and create a single treaty reinsurance team that will further enhance client service delivery and create a platform for continued investment and growth in the Indian market.
Honan Insurance Group (Honan), one of Australia's fastest-growing brokers, has announced its acquisition of Ardrossan Insurance Brokers.
Nasdaq-listed Fanhua, a leading independent financial services provider in China, has signed a definitive agreement with the existing shareholders of Jilin Zhongji Shi'An Insurance Agency to acquire 51% of the equity interests of Zhongji.