Thursday, February 22, 2018

India

XL Group to buy 20% of Mahindra Insurance Brokers

XL Group to buy 20% of Mahindra Insurance Brokers

The stake in the insurance broker, which caters to rural and semi-urban India, is reported to carry a price tag of US$40m.

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India’s RenewBuy raises fresh funds from Amicus Capital

India’s RenewBuy raises fresh funds from Amicus Capital

The second round of funding has brought in US$9.26m for the Indian online insurance aggregator.

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India’s non-life premiums up 13.6%

India’s non-life premiums up 13.6%

The gross premiums rose to US$2.68bn in September this year, according to data from Irdai.

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No IPO plans for Tata AIA Life

No IPO plans for Tata AIA Life

AIA’s chief executive officer and president Ng Keng Hooi revealed there was no need to raise fresh funds.

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India’s GIC sets IPO for 11 October

India’s GIC sets IPO for 11 October

IPO set to be be the biggest listing in India in seven years.

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SBI Life debut on stock market

SBI Life debut on stock market

India’s largest private life insurer is set to make its stock market debut, with experts saying it will open strongly.

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Relying on India

Relying on India

Reliance Capital is launching a standalone health insurance company to capitalise on the country’s growth.

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Gen Re eyes further expansion in India

Gen Re eyes further expansion in India

The Berkshire Hathaway unit plans to corner a larger share of the country’s fast-growing reinsurance market.

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India approves two digital insurers

India approves two digital insurers

Acko and Digit Insurance are relying on their technology platforms to differentiate from traditional insurers.

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India’s life insurers record 23% growth in first-year premium

India’s life insurers record 23% growth in first-year premium

The state-run Life Insurance Corporation remained the leader among the country’s life insurers.

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Indian general insurance premiums up 32%

Indian general insurance premiums up 32%

Private insurers ICICI Lombard General Insurance and Bajaj Allianz General Insurance led the growth.

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Fairfax buys stake in rival of Indian partner

Fairfax buys stake in rival of Indian partner

ICICI Lombard has agreed to allow the Canadian company to buy a 49% stake in nonlife startup Digit.

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Indian insurers bank on blockchain

Indian insurers bank on blockchain

Some 13 Indian insurance firms plan to use the technology to create a storehouse of policyholder data.

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Insurers to spur IPO bonanza in India

Insurers to spur IPO bonanza in India

Total fundraising from first-time share sales could balloon to Rs500bn (US$7.8bn) this year.

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Centrum Group gets broking licence in India

Centrum Group gets broking licence in India

The firm controlled by former Standard Chartered Asia chief Jaspal Bindra is expanding its insurance operation.

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Cigna raises stake in India JV

Cigna raises stake in India JV

An application with the regulator will increase its stake in the joint venture with TTK to 49% from 26%.

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Reliance General Insurance to sell 10% stake through IPO

Reliance General Insurance to sell 10% stake through IPO

The Reliance Capital unit is the fourth general insurer in India to have announced its intention to list.

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Premiums of India’s non-life insurers up 9%

Premiums of India’s non-life insurers up 9%

The total surged to Rs97.91 billion (US$1.52 billion) in July, according to data from the insurance regulator released recently.

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Nina Klingspor, Allianz Global Corporate & Specialty

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