Hong Kong's insurance regulator, the Insurance Authority (IA), has instigated a conviction against Aurex Insurance Brokers, a licensed broker company. This is the first time the IA has instigated such an action.
The Insurance Brokers Association of India (IBAI) has announced the election of Mr Nirmal Bazaz as honorary secretary. Mr Bazaz was elected as director of IBAI in 2023, and he continues to hold the position.
Howden Private Wealth has appointed Mr Bryan Pee as CEO of Singapore and Malaysia and Ms Shirley Sy as deputy CEO of Hong Kong.
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.