Income Insurance chief executive Andrew Yeo will step down at the end of 2026, chairman Lim Sim Seng told staff in an email seen by The Straits Times.
Yeo informed the board of his decision but will...
International reinsurers will take a significant share of what is covered, with hydropower plants, engineering projects and commercial property along the China trade corridor driving most claims.
Market yield movements drove the reinsurer's earnings higher, though the agency warned that interest rate exposure has made operating results markedly more volatile.
The authorities searched nine locations and made 15 arrests linked to suspected fraudulent practices at an insurance exam centre for FLMI qualification.
