ERGO-FESCO Broker Company (ERGO-FESCO) has acquired an insurance brokerage licence in China at a very good time, said Mr Jürgen Schmitz, CEO of its parent company ERGO China.
Nineteen winners have been honoured as the Middle East Insurance Industry Awards (MIIA) celebrated its 10th anniversary on 16 November 2023 at Conrad Dubai, United Arab Emirates. The MIIA was launched in 2014 and has earned a reputation for a stringent judging process among peers in the industry. In the past 10 years, some 150 winners have had the honour to walk the red carpet to take the trophy.
Olea Insurance Solutions, the pan-African insurance broker, has acquired a significant stake in Ballpack Insurance Group Uganda, expanding its footprint across the continent to its 25th market in Africa, the French company has said in a statement.
The National Administration of Financial Regulation (NAFR) has granted licences to two foreign-owned insurance brokers for the first time since 2018 when the authorities suspended the issuance of new broking permits.
Agents contribute 51% of the gross premiums generated in the insurance market, according to the national president of the Association of Registered Insurance Agents of Nigeria (ARIAN), Mr Kazeem Odewunmi.
The Financial Regulatory Authority (FRA) has issued a decision prohibiting insurance brokers from collecting fees, insurance premiums, or other payments from clients and depositing the amounts received to the bank accounts of the brokers.
The Saudi Central Bank (SAMA) has licensed ReTech Reinsurance Brokers Co to provide online reinsurance brokerage services in a soft launch.
The winners of the Hong Kong Insurance Awards 2023 were revealed at a prize presentation ceremony cum gala dinner held on 25 October 2023 at the Grand Hyatt, Hong Kong.
The world's leading insurance broker Marsh has teamed with a Japanese partner on an insurance agency that makes specialised recommendations on corporate coverage.