Sydney-headquartered QBE Re has announced significant changes to its organisational structure as part of its strategy to further align and unify the global structure of the business.
The Insurance Board (IB) has barred board members of insurance companies from assuming the position for more than two terms.
The Appointments Committee of the Cabinet has appointed former Financial Services Secretary Debasish Panda to be the new IRDAI chairman for a term of three years.
The Securities and Exchange Commission of Pakistan (SECP) has decided to introduce new conditions for the appointment of the chief executive or principal officers or directors. of insurance companies.
The Finance Ministry has proposed to appoint Oriental Insurance chairman Anjan Dey to also be chairman of a rival insurer, namely New India Assurance.
UK-based Prudential has announced that its board of directors is conducting a search for a Group CEO to be based in Asia, given the refocused nature of the company's business.
Insurance entities and banks should actively search and appoint professionals with an IT background to the board of directors or senior management, says the CBIRC.
The Insurance Association of China (IAC) has issued the "Code of Professional Ethics for Directors, Supervisors and Senior Management of Insurance Companies" and the "Implementation Guideline for the Performance Evaluation of Directors and Supervisors of Insurance Institutions".
The UK government has published the response to the protect duty public consultation on anti-terror measures at venues.
Wang Bin, Party chief and chairman of China Life Insurance (Group) Company, the country's biggest life insurer, is facing disciplinary review and supervisory investigations by the country's top anti-graft body for suspected severe violations of discipline and law.