Apollo Global Management Inc., a leading US investment and asset management firm, has issued a stark warning regarding potential risks in the American insurance sector. The firm highlighted a growing trend among some US insurance companies to shift operations to the Cayman Islands, a move that could create vulnerabilities reminiscent of the sudden collapse of […]

United Commercial Bank (UCB) has issued a comprehensive clarification to dispel any potential misunderstanding arising from a recently published media report, firmly reiterating that there are no barriers whatsoever in its communication with the country’s market regulator. The bank has emphasised that its engagement with regulatory authorities has always been open, professional and constructive, reflecting […]

In a decisive move to bolster the industrial sector, Bangladesh Bank has introduced new measures to simplify the import of capital goods, a development expected to stimulate investment and streamline industrial operations nationwide. The central bank’s latest guidelines allow industrial investors to import machinery and capital goods under a three-year usance facility, eliminating the need […]

The Asia-Pacific insurance industry is on the cusp of a transformative shift, with nearly 56% of insurers planning to broaden their use of data analytics within the next twelve months. This move marks a decisive turn towards more sophisticated, technology-driven approaches to risk management, asset allocation, and regulatory compliance. A recent study by Clearwater Analytics […]