IDRA Member (Non-Life) Mohammad Abu Bakar Siddique Resigns

Staff Correspondent: Mohammad Abu Bakar Siddique, a member (Non-Life) of the Insurance Development and Regulatory Authority of Bangladesh (IDRA), submitted his resignation letter to the Financial Institutions Division on Sunday (September 27) afternoon, according to sources.

A final decision on his resignation is expected after Finance Minister Amir Khosru Mahmud Chowdhury returns to the country, as he is currently abroad, the sources said.

Siddique was appointed as an IDRA member (Non-Life) on December 3, 2024. Before joining IDRA, he served as Chief Executive Officer of Meghna Insurance Company.

Two other IDRA members, Member (Administration) Fazlul Haque and Member (Legal) Tanzina Islam, also resigned from the regulatory authority before Siddique.