Category: Business

boe sets 2028 insurance stress test BoE Sets 2028 Insurance Stress Test

BoE Sets 2028 Insurance Stress Test

LONDON — The Bank of England, through its Prudential Regulation Authority (PRA), has confirmed that the next major life insurance stress testing exercise will commence in January 2028, marking a key milestone in its ongoing oversight of the UK insurance sector’s financial resilience. The PRA announced on Friday that preparatory engagement with the industry will […]
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bangladesh currency exchange rates firm on 27 march Bangladesh Currency Exchange Rates Firm on 27 March

Bangladesh Currency Exchange Rates Firm on 27 March

Foreign exchange rates in Bangladesh remained a key reference point for importers, exporters, remittance recipients, and financial institutions on Friday, 27 March 2026, as the country’s international trade and cross-border transactions continue to expand steadily. With growing engagement in global markets, the demand for up-to-date currency valuation against the Bangladeshi Taka has become increasingly significant […]
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major shake up planned in 22 banks Major Shake-Up Planned in 22 Banks

Major Shake-Up Planned in 22 Banks

A significant restructuring is reportedly on the horizon for Bangladesh’s banking sector, with authorities considering a major overhaul of the boards of directors of 22 commercial and state-owned banks. Following recent political changes, steps are being taken to make these institutions free from what officials describe as undue influence linked to the interim administration. According […]
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old banknotes re enter bangladesh circulation Old Banknotes Re-enter Bangladesh Circulation

Old Banknotes Re-enter Bangladesh Circulation

Previously sealed banknotes bearing the portrait of Sheikh Mujibur Rahman have begun returning to circulation in Bangladesh, marking a notable shift in monetary policy following months of restriction under the interim administration led by Muhammad Yunus. The decision comes after earlier measures saw such notes withdrawn and replaced with newly designed currency, amid both political […]
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old banknotes re enter bangladesh circulation 1 Old Banknotes Re-enter Bangladesh Circulation

Old Banknotes Re-enter Bangladesh Circulation

Previously sealed banknotes bearing the portrait of Sheikh Mujibur Rahman have begun returning to circulation in Bangladesh, marking a notable shift in monetary policy following months of restriction under the interim administration led by Muhammad Yunus. The decision comes after earlier measures saw such notes withdrawn and replaced with newly designed currency, amid both political […]
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jpmorgan strengthens middle east wealth team JPMorgan Strengthens Middle East Wealth Team

JPMorgan Strengthens Middle East Wealth Team

JPMorgan Chase has reinforced its private banking presence in the Middle East with the appointment of Rony Chaker, a senior wealth management professional who joins from Barclays Private Bank. The move reflects the bank’s continued strategic focus on expanding its footprint in key growth markets and deepening its relationships with ultra-high-net-worth (UHNW) clients across the […]
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lirg backs cyber warranty programme launch LIRG Backs Cyber Warranty Programme Launch

LIRG Backs Cyber Warranty Programme Launch

Algorithmic Insurance Services, trading as LIRG, has announced a significant reinsurance commitment of up to $15 million to support an innovative cyber risk initiative led by New York-based managing general agent DLT Alert. The quota-share arrangement, unveiled on Thursday, is designed to underpin a new parametric cyber warranty programme aimed at strengthening protection for technology […]
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lirg backs cyber warranty programme launch 1 LIRG Backs Cyber Warranty Programme Launch

LIRG Backs Cyber Warranty Programme Launch

Algorithmic Insurance Services, trading as LIRG, has announced a significant reinsurance commitment of up to $15 million to support an innovative cyber risk initiative led by New York-based managing general agent DLT Alert. The quota-share arrangement, unveiled on Thursday, is designed to underpin a new parametric cyber warranty programme aimed at strengthening protection for technology […]
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singlife strengthens governance with key appointment Singlife Strengthens Governance with Key Appointment

Singlife Strengthens Governance with Key Appointment

Singapore Life Holdings Pte. Ltd. and its subsidiary, Singapore Life Ltd., have announced the appointment of seasoned financial regulator Leo Mun Wai as an Independent Non-Executive Director to their respective boards, marking a strategic move to bolster corporate governance and risk oversight. Mr Wai, a veteran of the financial services industry with more than three […]
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ping an reports steady profit growth Ping An Reports Steady Profit Growth

Ping An Reports Steady Profit Growth

China’s leading insurer Ping An Insurance has posted a moderate increase in annual profit for 2025, supported by robust expansion in its life and health insurance operations as well as improved investment returns amid a stronger domestic equity market. According to its latest filing, net profit attributable to shareholders rose by 6.45% year-on-year to 134.778 […]
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