The Insurance Development and Regulatory Authority (IDRA) has further suspended the Board of Directors of the Company until
further order in accordance with the powers conferred by Section 95 of the Insurance Act 2010 (Memo No. 53.03.0000.036.01.034.21.182),
Until further notice from the Authority (IDRA), Mr. Md. Quddus Khan, Secretary (Rtd.), Gob, has been appointed as the new Administrator
(Memo No. 53.03.0000.036.01.034.21.239), dated 13.10.2021.