Texel Group, an independent, specialist credit and political risk insurance broker, has completed its the transition to 100% employee ownership, through the creation of the Texel Employee Ownership Trust (EOT).
Marsh has appointed Mr Bassel Gazzaz as CEO of Marsh Arabia Insurance Brokers. In his new role, Mr Gazzaz will lead the strategic direction and operations of Marsh in Saudi Arabia, driving growth and enhancing client service.
Global broking business, Brokerslink, has appointed Mr Conrad Wong to its Board of Directors.
Willis, a WTW business, has appointed Ms Daphne Duan (Wheal), as director of strategic risk consulting (SRC).
Bridge Specialty International has appointed Mr Chan Hon Kian as head of trade risk at Acorn International Network, its company based in Singapore.
Cyprus-headquartered reinsurance brokerage COPE has been approved as a Lloyd's coverholder, the company has announced.
Howden, a global insurance intermediary group, yesterday announced that it had received regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia (KSA)
The Financial Regulatory Authority (FRA) has issued a Decision setting out professional rules and standards governing the registration and practice of insurance and reinsurance brokerage activities.
Lockton has announced the appointments of Mr Jad Ghazal as chief business officer - direct and Mr Shadi Al Mahameed as chief growth officer - direct.
BYD Insurance Brokerage has officially ceased operations, with its business registration status recently changed from "Active" to "Deregistered," according to public filings.