Bangladesh: Regulator proposes major cuts in management costs

Published on October 15, 2025
With the aim of strengthening financial discipline and reduce delays in claim settlements, Bangladesh insurance regulator, the Insurance Development and Regulatory Authority (IDRA) has proposed
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Xceedance receives growth investment from Portage Capital Solutions

October 14, 2025
Xceedance, a global provider of technology-driven business solutions for the insurance industry, has received a growth investment from Portage Capital Solutions, an investor focused on financial technology.With this latest investment, which gives Portage a minority equity stake, Xceedance’s total raised capital, across equity and debt, stands at approximately $100 million.The capital will be used

Allianz UK appoints Mansoor Reehana as Head of AI

October 15, 2025
Allianz UK, part of the financial services group Allianz SE, has appointed Mansoor Reehana to the newly created role of Head of Artificial Intelligence (AI), to lead the strategic growth of AI initiatives.In his new role, Reehana will drive strategy, architecture, and product delivery of AI projects within the central data team, aligning cutting-edge technologies with Allianz’s business goals.Addi