A shift to a broad-based property charge would lower costs for most households and businesses while expanding insurance uptake, the industry body said.
Eugene Wong, Kyle Ng, Alan Sze and Jason Lam join the broker to strengthen its employee benefits, multinational clients and financial lines capabilities in the region.
Insurers face broader expectations on stress testing, collateral quality, recapture planning and reinsurer due diligence under the revised guidelines, which apply from July 1.
Home minister Amit Shah said the venture would build on IFFCO's existing joint venture with Tokio Marine to widen the cooperative sector's role in insurance.
