Oneglobal Broking embarks on Asia expansion

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Oneglobal Broking has announced the establishment of Oneglobal Group Asia to spearhead its Asian expansion efforts. Furthermore, its first operating company, Oneglobal Broking Hong Kong Ltd, has received regulatory approval from the Insurance Authority.

Broking veteran Anthony Langridge (pictured) was appointed chairman of Oneglobal Hong Kong, reporting to Jonathan Palmer-Brown, Oneglobal Group chairman and chairman of Oneglobal Group Asia.

According to a statement from Oneglobal, Langridge has outstanding relationships with senior business leaders throughout Asia and will be instrumental in driving the growth of Oneglobal across the continent. He was formerly chairman of JLT Asia, as well as deputy chairman

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Allianz Group’s profit falls in Q2

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It’s the turn of Allianz SE to reveal how it fared in the second quarter, and the German insurance giant describes its performance as “resilient” amid the current difficult environment.

According to the company’s earnings release, the net income attributable to shareholders in Q2 fell 28.6% to €1.5 billion (around SG$2.43 billion). In the three-month span, Allianz saw a 6.8% decline in total revenues to €30.9 billion (around SG$50.0 billion), while the insurer’s operating profit for the quarter stood at €2.6 billion (around SG$4.21 billion).

The aforementioned amount represents an 18.8% decrease from the operating profit posted by Allianz in

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Aon, Willis Towers Watson make step to battle merger hurdles

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“In order to reduce the risk of the complaints delaying or adversely affecting the transaction and to minimise the costs, risks, and uncertainties inherent in litigation, and without admitting any liability or wrongdoing, WTW and Aon have determined to voluntarily supplement the Definitive Proxy Statement by providing the additional information…”   

Those were the words of Aon Plc and Willis Towers Watson (WTW) when the merging brokerage giants issued a proxy supplement relating to their pending business combination. A new SEC (US Securities and Exchange Commission) filing by Aon cites five complaints, which were all filed in courts by purported WTW

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Ed bolsters international facultative reinsurance team

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Ed has named Assad Ulhaq (pictured) as senior broker and producer, focusing on international property facultative reinsurance, primarily in Europe, the Middle East, and Africa. The appointment is effective immediately.

According to a statement from the global reinsurance, wholesale and specialty brokerage, Ulhaq brings 10 years of industry experience, having most recently worked at RFIB where he was responsible for the placement of heavy industrial risks in the Middle East. He began his insurance career at Aon, following a decade working in the airline industry, where he went on to specialise in property and special industrial risks in Australia, New

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