On March 10, Jiang Tai Insurance Brokers' 11.008m shares, representing 5.1217% of total equity, were listed for transfer at CNY43.36m ($5.98m). The seller, China Three Gorges Corporation (CTG), had previously attempted to offload the stake.
Marsh Specialty has appointed Mr Andrew George as president. He will also join the Marsh Executive Committee.
Interest in asset-intensive reinsurance as a solution is broadening across Asia, Aon's strategic growth leader for Life and Health Reinsurance Solutions, APAC, Danny Alexander has said.
To lead its newly established M&A and Strategic Solutions team, Miller has appointed Mr Andrew Johnson, Ms Edwina Charlton and Mr Rupert Newman as head of broking.
Aon successfully completed the transaction to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG) on 1 March 2025. The move was designed to enhance Aon's risk capital and human capital capabilities in Japan.
Lockton has appointed Mr Jaideep Sharma as the regional head of specialties for Lockton Asia, effective 17 March 2025.
The Algerian Ministry of Finance has issued licences to four new insurance brokers, with the decision published in the Official Gazette.
Lockton, the world's largest independent insurance broker continues to strengthen its regional presence with the appointment of Mr Fady Khawam as general manager heading Lockton MENA's reinsurance strategy in North Africa.
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has announced record financial results for 2024, coinciding with celebrating 20 years since its establishment, and continues to bolster Dubai's position as the region's financial services capital.
Markel has appointed Ms Alicia Leong as head of marine liabilities in Singapore.