The growth in the insurance industry in Morocco is insufficient for all intermediaries, a large number of whom are heavily dependent on the motor branch and monitor their commission income closely, indicated Mr Farid Bensaid, president of the National Federation of Insurance Agents and Brokers (FNACAM).
Howden has promoted Mr Elliot Richardson to the role of Chief Commercial Officer for the Group.
Al Buhaira National Insurance Company (ABNIC) has appointed Mr Ahmed Khalifa as CEO, following the Central Bank of UAE's non-objection, according to a company disclosure filed with the Abu Dhabi Exchange.
Hong Kong's insurance regulator, the Insurance Authority (IA), has published its latest edition of Conduct In Focus.
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
SG Re has secured in-principle approval from the Monetary Authority of Singapore for registration as a general reinsurance broker, and will be commencing operations by October once its registration is complete.
Carbon capture, utilisation and storage (CCUS) has emerged as a critical tool for decarbonisation, Moreover, as such projects typically operate tight margins are heavily reliant on project finance structures, making lender confidence and investment protection critical, insurance has a pivotal role to play in enhancing CCUS.
Mitsui Bussan Pana Harrison has announced the appointment of Ms Alice Lim as Head of General Insurance.
WTW, a leading global advisory, broking and solutions company, has received the required regulatory approvals for the change in ownership of Al-Futtaim Willis (AFW), enabling WTW to wholly own the business in the UAE and Bahrain.