BYD Insurance Brokerage has officially ceased operations, with its business registration status recently changed from "Active" to "Deregistered," according to public filings.
Shouhui Group, the parent company of online insurance broker Xiaoyusan, closed 18.19% lower on its first day of trading on the Hong Kong Stock Exchange (HKEX) on May 30, marking a tepid debut amid a wave of listings and fundraising activity in China's insurtech sector.
Aon has appointed Mr Dan Hartung as global head of event response for risk capital.
Shanghai-headquartered XChange TEC, which recently acquired an insurance brokerage, has submitted an appeal to stave off delisting from Nasdaq.
Prudent Insurance Brokers has appointed Mr Shantanu Saran as chief business officer. In his new role, he will strategically growing Prudent, with responsibilities including identifying new opportunities for expansion, fostering relationships with stakeholders and implementing innovative strategies to drive overall success and profitability.
Global reinsurance broker Gallagher Re has acquired Nongxin Insurance Brokerage, a Beijing-based insurance broking firm. The acquisition is part of a Gallagher Re's broader commitment to, and investment in, the APAC region.
The Insurance Brokers' Association of India (IBAI) faces several challenges in helping its members remain relevant and profitable in the evolving scenario of the insurance industry in the country, according to its president, Mr Narendra Bharindwal.
Insurance brokers in India find themselves having to navigate a rapidly transforming landscape. Increased competition is coming not only from within the broking community but also from new-age digital intermediaries, InsurTech players, and embedded insurance platforms, according to Mr Narendra Bharindwal, who was appointed as the president of the Insurance Brokers' Association of India (IBAI) in April 2025.
Insurance intermediaries Epega and Alpha Assurances have applied to the Moroccan Competition Council for approval for their strategic alliance.