The insurer, which reported a solvency ratio of 142% as of September 2025, now has two months to submit a revised plan covering asset disposals, cost reductions, and capital increases.
India’s insurance regulator has approved two new entrants in the market while beginning work on new regulations following recent amendments to the country’s insurance laws.
Market participants flag that DIFC facility may lead to potential withdrawal of private insurers, while operational risks could continue to restrict vessel movements in the Strait of Hormuz.
Han is currently the government relations director at Prudential HK, while Spence is the SVP for client strategy and relationship management at Lockton.
