The Insurance Board (IB) has provided licences to 10 companies to carry out reinsurance brokerage.
Mitsui Sumitomo Insurance (MSI) will acquire US reinsurance broker Transverse Insurance Group for an estimated $400m.
A new survey by Aviva Insurance has revealed that 70% of brokers are interested or very interested in further digitalisation or automation.
Australia-based insurance broker Aviso Broking has acquired Macquarie Insurance Brokers (Australia) Pty Ltd in Sydney, which caters to commercial and personal insurance lines.
Lloyd's new culture strategy describes how it defines, engages and measures progress on culture across its market.
London-headquartered Aon, a global professional services firm offering risk, health, wealth and human capital solutions, is planning to relaunch its dedicated training programme for Saudi nationals as it looks to capture opportunities in Saudi Arabia's growing insurance sector.
Thirty-two insurance companies and intermediaries in the Greater China region are among the top global companies with the most number of members of the Million Dollar Round Table (MDRT), accounting for nearly one-third of the top 100 such companies worldwide.
Brokers have an important role in the new 'use and file' regime implemented by Insurance Regulatory and Development Authority of India (IRDAI) according to First Policy Insurance Brokers regional director Hari Radhakrishnan.
Internal and external challenges facing Lloyd's of London remain critical concerns for the world's largest insurance market, despite its positive trajectory in performance, momentum of market reform and marked return to profitability in 2021, according to Gallagher Re's first annual Lloyd's of London Market Report.
Miller, the London-headquartered independent specialist (re)insurance broker, has acquired Tokyo-based Lead Insurance Services.