Country: India Page 14 / 41
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- January 4 2022
India’s regulator issues guidelines on surety insurance
IRDAI's new rules include a 10% cap on GWP and come into force on April 1, 2022.
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- January 3 2022
Tokio Marine appoints Asia CEO
Masahito Hirai has switched from the firm's Malaysia operations to be based in Singapore.
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- December 31 2021
India identifies ‘systemically important’ insurers for 2022
GIC, LIC and New India have been deemed "too big or too important to fail' by the regulator.
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- December 23 2021
Marsh takes majority control of India JV
The broker has increased its stake from 49% to 92% following similar moves by Aon, Gallagher and WTW.
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- December 10 2021
Generali eyes increasing India JV stakes: report
The Future Group has been looking to divest its stakes in the P&C and life JVs for around 18 months.
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- December 7 2021
India’s Reliance grows despite parent’s insolvency
This year’s 19% increase in premiums compares to an average of 13% for India's general insurance sector.
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- December 2 2021
GIC Re takes premium hit amid ‘bottom-line’ focus
The reinsurer tells IAN classes with higher claims are being avoided as health and marine business drops.
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- November 25 2021
India’s Star Health eyes US$7bn IPO—report
Reuters report says the insurer is expected to list on the Mumbai stock exchange in December.
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- November 17 2021
China, India and Indonesia to see non-life headwinds: AM Best
The rating agency said in a SIRC briefing that Covid-19 and low interest rates are common causes.
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- November 11 2021
India attracts global broking giants
Aon, Gallagher and WTW are securing full control of their JVs in a fast growing market.
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- November 2 2021
WTW to acquire 100% ownership of India JV
An additional 51% stake will be acquired from privately held Anemone Holdings and the broker's India head Rohit Jain.
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- October 19 2021
Policybazaar parent gets IPO nod from India regulator: report
Parent PB Fintech has been labeled a “foreign-owned and controlled” entity and counts Softbank and Tencent as investors.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- October 14 2021
South Asia digital P&C personal premiums to hit US$7.5bn: Swiss Re
Report says the figure will be reached within five years with digital penetration currently 1-2%.
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- October 12 2021
India may allow foreign investors to own 20% of LIC–report
Bloomberg report says government to discuss on Wednesday overseas participation in India's biggest IPO.
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- October 6 2021
Swiss Re weighs investment in Paytm Insurance: report
The digital payments firm is reportedly looking to formalise its insurance operations as it eyes an acquisition of Raheja QBE.
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- September 30 2021
India to list state-owned export credit insurer in 2022
New Delhi earmarks INR44bn cash injection over five years to increase ECGC's underwriting capacity.
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- September 27 2021
India should welcome Chinese investment in LIC
Rumoured plans to ban mainland investors from IPO risk turning the deal into a political hot potato.
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- September 21 2021
GIC Re’s underwriting losses remain the elephant in the room
The reinsurer has been overly reliant on investment returns to turn a profit.
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- September 16 2021
India seeks US$100bn plus valuation for LIC – report
The government is considering selling a 5-10% stake in the life insurance player.
