Country: India Page 14 / 56
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- October 4 2024
Mahindra Insurance Brokers opens Dubai office to tap MENA reinsurance growth
The expansion allows the reinsurance broker to tap into the Middle East and North Africa market, expand client base and explore new opportunities in the region.
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- October 4 2024
Gallagher India taps ex-Aon veteran Ajit Singh Horra as MD, names four division heads
Horra joined from Aon Global Insurance Brokers where he was senior executive vice president. It also named Puneet Gehani as chief business officer, Dev Bhutani as head-strategy & client management, Saurabh Gupta as head-North region and promoted Hari Kamath to CFO.
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- October 3 2024
Zurich Kotak appoints Ajey Hegde to lead its commercial portfolio
Hegde, an industry veteran with over two decades of experience, was executive vice president with Tata AIG General Insurance prior to this move.
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- October 3 2024
India defers roll out of IFRS 17 equivalent indefinitely: report
Insurers can submit financial statements under the earlier Ind AS104 regime till the IRDAI notifies the implementation of the Ind AS 117standard.
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- September 26 2024
India government may merge some state-owned general insurers: report
Over the last few years, the government has been considering several options for the firms such as mergers, listing, and strategic disinvestment.
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- September 26 2024
Better cat data key to easing region’s growing capacity pressures: Perils’ APAC head
As insurance penetration and cat exposure rise in APAC, the availability of better quality data must go hand-in-hand with the growth of alternative capital sources. That leads the cat loss specialist to expand its loss data coverage in Japan & South-East Asia, said Darryl Pidcock.
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- September 25 2024
Allianz Commercial strengthens India specialty focus with Munich Re’s Amol Akhuj hire
Mumbai-based Akhuj will become head of natural resources and construction for India, reporting to the country CEO CB Murali.
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- September 24 2024
India may consider a new turnaround plan for three general insurers: report
While solvency ratio, consistently high claims ratios and losses or low profitability were the concerns that need to be addressed by the state-owned carriers, the government is likely to provide fiscal support to companies showing profits.
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- September 24 2024
MIC Global partners with GIC Re to expand digital reinsurance in India
The latest partnership builds on an earlier collaboration with P&C carrier, The New India Assurance, as the micro insurer is ready to expand its solutions to more carriers in the country.
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- September 23 2024
Allianz Commercial India hires Shweta Gadia to boost financial lines and cyber offering
Mumbai-based Shweta will report directly to the India CEO CB Murali with matrix reporting to Jenny Wilhelm, Asia head of financial lines, cyber and distribution for the carrier.
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- September 23 2024
India’s Equirus Group acquires strategic stake in Raghnall Insurance Broking
Following the deal, the companies expect to place GWP of US$47.9m this year and US$119.7m by FY 2028.
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- September 18 2024
Russian insurers provide cover for 60% of Moscow’s oil exports to India: report
Signals a growing role by Russian carriers such as Ingosstrakh to facilitate oil shipments to India, its biggest buyer, despite western sanctions.
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- September 12 2024
Shriram Group to seek IPO and list general insurance JV in two years: report
The Indian conglomerate plans to list the Chennai-based general insurance JV with Sanlam first, followed by the life insurance arm, as their businesses grow in scale, according to the executive vice chairman of group company Shriram Finance.
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- September 10 2024
IFFCO Tokio General Insurance elevates Subrata Mondal to managing director, CEO
The former chief underwriting officer has been with the JV between Indian Farmers Fertiliser Cooperative and Tokio Marine Group for over 23 years.
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- September 4 2024
Indian government launches US$560m sale of 6.8% GIC Re stake
The secondary placement, being offered at a floor price of US$4.70 apiece over two days, is intended to reduce the government's stake in the reinsurer to meet the minimum public float requirements for Indian listed companies.
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- September 4 2024
India deal activity drives demand for W&I cover, competition in Singapore
The increasing deal flow combined with ample insurance capacity and more scrutinised approach to risk in the country means more underwriters are likely to enter the M&A insurance space over the next six months.
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- September 2 2024
India’s Aditya Birla Group completes sale of insurance broking arm
Following the deal, the intermediary business will be rebranded as Edme Insurance Brokers.
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- August 30 2024
Blue Marble plans Asia expansion to bring insurance to the underserved
Through public-private partnerships, developing prototypes on the ground and using AI as a way to enhance pricing and modelling, the parametric insurtech is expanding its programs in the region which its CEO Jaime de Pinies describes as a "patience game".
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- August 28 2024
Generali’s Indian JVs to rebrand following regulatory approvals on stake sale: report
The branding overhaul would see "Future" omitted from the name, and will likely take place after regulators approve the stake sale by Future Enterprises Limited, according to the local media.
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- August 26 2024
IRDAI urges carriers to devise strategies on affordable insurance products: report
The insurance regulator's appeal for more affordable products directed at the country's insurers is part of its move to achieve "Insurance for All" by 2047.
