Pacific Prime Dubai, a leader in international health insurance and employee benefits solutions, is proud to announce that it has been honored with the esteemed "SME Retention Award" from Bupa Global. The award presentation took place during a ceremony held at Pacific Prime Dubai’s office on April 29, 2025.
Global health insurance intermediary Pacific Prime has been honored with the 2024-2025 Best Business Partner Award from Now Health Insurance. The award was officially presented to the team at Pacific Prime’s Shanghai Office on April 16, 2025, in recognition of their outstanding performance in delivering international health insurance solutions and client support in the region.
Pacific Prime Dubai has proudly received the prestigious “Market Leader: Individual Business 2024” award from Allianz. The award was presented during a ceremony held at Pacific Prime Dubai’s office on April 18, 2025.
Global insurance brokerage Pacific Prime has been honored with the “Servicing Broker of the Year Award” at the prestigious AXCO Global Insurance Awards 2025 by AXCO Insurance Information Services at the Hilton London Bankside Hotel on April 24th, 2025. The event brought together over 300 leading professionals from the global insurance industry to celebrate outstanding achievements and collaboration across the insurance ecosystem.
CarePay, a leading partner in transforming health insurance in East Africa and the MENA region, has secured €5 million in new funding from Invest International. Invest International joins Reinsurance Group of America, Incorporated (RGA) and the Health Insurance Fund (HIF), backed by the Dutch Ministry of Foreign Affairs, in their recent investment in CarePay announced last year.
The UK Serious Fraud Office (SFO) has announced that it has charged United Insurance Brokers Limited (UIBL), a UK insurance and reinsurance broker, with allegedly failing to prevent international bribery. The charges relate to alleged bribery of state officials in Ecuador between October 2013 and March 2016, facilitated by UIBL's US-based intermediaries. The SFO alleges that these intermediaries paid bribes to secure re-insurance contracts worth US$38 million for UIBL, which earned a US$6.2 million commission. Representatives of UIBL are scheduled to appear before Westminster Magistrates’ Court next month. This case is significant as it could be the first time an SFO "failure to prevent bribery" case is heard by a jury.
A consortium including Allianz, BlackRock and T&D Holdings will acquire ownership of Viridium Group (Viridium), a leading European life insurance consolidation platform, from Cinven. Generali Financial Holdings and Hannover Re remain investors. The consortium is structured to also enable the addition of other long-term financial investors. Through this transaction, Cinven exits from its majority investment in Viridium after more than a decade of developing a highly successful insurance business.
Health and wellbeing provider DocHQ announces an arrangement with Aon, a leading global professional services firm, to deliver AI-driven physiotherapy solutions through DocHQ Physio, revolutionising MSK care for employees.
In research issued by Towergate Employee Benefits, over a third (37%) of companies with employees based outside of the UK stated that they do not offer enough health and wellbeing support and that this impacts their ability to recruit and retain people.
Figures from the Association of British Insurers (ABI) reveal that a record 4.7 million people were covered by Private Medical Insurance (PMI) through their employer in 2023 – the highest in more than 30 years of data collection.
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