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News
Sammilito Bank files 10,000 cases to recover default loans
17+ hour, 2+ min ago (324+ words) Sammilito Islami Bank PLC, formed by merging five troubled shariah-based lenders, has filed nearly 10,000 lawsuits to recover defaulted loans, according to a statement released yesterday. Initiatives have also been taken under an exit policy and Alternative Dispute Resolution (ADR) to…...
Phoenix Insurance declares 12% cash dividend
3+ week, 4+ day ago (171+ words) Phoenix Insurance PLC has announced a 12 percent cash dividend for the year that ended on December 31, 2025. The announcement was made at the non-life insurance company’s 40th annual general meeting (AGM), which was held virtually recently, according to a press release. Mohammed…...
Southeast Bank hands over insurance claim cheques under ‘Beton Card’
3+ week, 6+ day ago (200+ words) Southeast Bank PLC has handed over two insurance claim cheques to the family of a deceased employee of Marma Composite Ltd under the group insurance coverage offered through the bank’s payroll product, “Beton Card”. The insurance benefit, provided in partnership…...
Eastland Insurance approves 10% cash dividend for 2025
1+ mon, 4+ week ago (315+ words) Eastland Insurance PLC has approved a 10 percent cash dividend for the year that ended on December 31, 2025. The approval was given at the non-life insurance company’s 39th annual general meeting (AGM), which was held virtually recently. Mahbubur Rahman, chairman of the non-life…...
Syed Sehab Ullah Al-Manjur, new CEO of United Insurance
2+ mon, 4+ day ago (134+ words) Syed Sehab Ullah Al-Manjur has been appointed chief executive officer of United Insurance Company Limited with effect from May 3 this year. He began his career in the insurance industry in 1989 with Eastern Insurance Company Limited, according to a press release....
Ship insurers juggle war risks for perilous Gulf route
4+ mon, 3+ week ago (635+ words) Iranian forces' threat to ships in the crucial Strait of Hormuz has driven up payments for the insurance that underpins the world freight industry. Here are facts and figures about how maritime insurance works -- and the impact from the war…...
Govt to introduce crop insurance for farmers: agri minister
5+ mon, 1+ week ago (305+ words) Agriculture Minister Mohammed Amin Ur Rashid has announced plans to introduce crop insurance aimed at protecting farmers from losses caused by natural disasters. He said that farmers will receive compensation through insurance if their crops are damaged by floods or…...
Uncertainty hit life insurance in 2024, non-life grew
7+ mon, 3+ week ago (623+ words) Will Mustafizur get his IPL money after KKR exit? Trump says US oil firms to head into Venezuela US brings Maduro to New York after capturing him from Venezuela ‘Easier said than done’: BCCI official plays down Bangladesh’s venue shift…...
Insurance surveyors banned from misusing client info
7+ mon, 4+ week ago (646+ words) Khaleda Zia no more Three-day state mourning for Khaleda Zia, public holiday tomorrow Yunus mourns Khaleda Zia’s death, hails her role in strengthening democracy Non-life insurance surveyors and loss assessors will no longer be allowed to use or disclose confidential…...