Power Construction Corporation of China (PowerChina), one of China's biggest multinationals, is joining the queue for an insurance broking licence.
The Financial Regulatory Authority (FRA) has approved the final licences of three re/insurance brokerage companies.
The Chinese regulatory authorities have approved the licences of 18 insurance intermediaries between the start of this year and mid-July. These consist of 15 insurance brokerages and three agencies.
The CBIRC has given the green light for the establishment of Chengzhicheng Insurance Broker, which is the first such broking firm dedicated to the tobacco industry.
Ensurance, which is listed on the Australian Securities Exchange, has entered into a share sale agreement with former directors Stefan Hicks and Brett Graves (and their controlled entities) to dispose of the company's Australian retail brokerage business.
Haotian Insurance Brokers (Shanghai), which held its opening ceremony on 16 July, has already applied for licences to operate eight branches or units across China. Regulatory filing has been completed for five of these branches.
Andrew Matson has been named leader of Aon's newly formed Global Portfolio Broking team - a Reinsurance Solutions unit that will build on the success of established pioneering facilities, while developing new facilities in line with client demand for global re/insurance risk.
The Supreme Court has stayed an order passed by the Securities and Appellate Tribunal (SAT) against a member of the Indian insurance regulator, PJ Joseph.
Representatives of the Moroccan Union of Insurance Agents and Brokers (UMAC) and the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR) have met to discuss pressing concerns, including revisions to the commission rate for intermediaries.
BMS Group, the independent specialist insurance and reinsurance broker, has entered into a tied representative agreement with Turkish specialist re/insurance broker Rönesans Reasürans ve Sigorta Brokerlik.