A new leadership team has been appointed to oversee the NLGIC Group of companies following the recent purchase of RSA Middle East by National Life & General Insurance Company (NLGIC), a flagship insurance subsidiary of Oman International Development and Investment Company (Ominvest). The NLGIC Group is the largest insurance group in Oman.
The European Union Chamber of Commerce in China, through its Insurance Working Group (IWG), has called on the CBIRC to clarify whether or not foreign-invested insurance companies in JVs are subject to requirements to integrate the corporate CCP (Chinese Communist Party) leadership into all aspects of corporate governance.
At the EAIC general business meeting yesterday, the executive committee announced the new executive board for the period of 2022 to 2024. The board comprises:
Mr Mohammed bin Abdullah Al-Khonji, chairman and acting CEO of Takaful Oman, has said that the corporate restructuring of the company has led to its improved performance.
The newly appointed chairman of the board of directors of the Financial Regulatory Authority (FRA), Dr Muhammad Farid, has issued a resolution setting out his terms of reference, as well as those of his deputies and assistants.
One of the world's biggest reinsurers, Hannover Re, is strengthening its focus on Asia as a growth region.
Financial, digital, business interruption and pandemic concerns top the list of macro risks for mid-sized company leaders.
As post-COVID recovery continues worldwide, the DIFC Insurance Association (DIFCIA) is set to enter its next stage of evolution and embrace the future with 'DIFCIA 2.0'.
To simplify and standardise the procedure for the approval of directors and CEOs of insurance companies, the Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Insurance Companies (Sound and Prudent Management) Regulations, 2012.
The Finance Ministry has announced a management reshuffle affecting five state-owned (re) insurers. The revamp took effect on 12 July 2022.