Regulatory Perspective - The Federal Deposit Insurance Corporation (FDIC) plans to cut 1,250 jobs as part of a workforce optimization initiative from the Trump administration [1] - The Office of the Comptroller of the Currency (OCC) is restructuring its internal organization, merging large bank and community bank regulatory departments, and reinstating the National Bank Chief Examiner's office [1] - The European Insurance and Occupational Pensions Authority (EIOPA) reports an 8.8% increase in total assets of European occupational pension schemes, reaching €2.72 trillion, with a shift from Defined Benefit (DB) plans to Defined Contribution (DC) plans [1] Corporate Perspective - Allianz reports that insurance losses from natural disasters exceeded $53 billion in Q1 2025, marking the second-highest Q1 losses on record, primarily driven by losses in the U.S., particularly from California wildfires [3] - HSBC Life's survey indicates that about half of the Hong Kong baby boomer generation is concerned about cross-border medical insurance payouts as they consider retirement in the Greater Bay Area [3] Think Tank Insights - Fitch Ratings highlights that insurance companies in Central Asia and Western Asia are actively seeking to enter the international reinsurance market to diversify their business amid challenges such as increased competition and rising climate-related insurance losses [4]