Country: India Page 26 / 45
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- November 13 2019
GIC Re hit with Q2 loss
The Indian giant suffered from severe weather but is still optimistic for the full year.
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- November 11 2019
Tencent takes 10% stake in India’s Policybazaar: report
The 11-year old aggregator is a market leader and worth over US$1bn.
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- November 11 2019
Millions evacuated as Cyclone Bulbul makes impact
The storm has killed 13 people and is likely to wreak further damage in India and Bangladesh.
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- November 7 2019
MSI and Max Financial Services terminate share swap
The proposed deal would have seen the Japanese carrier take a 21.5% stake in Max Life's parent.
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- November 1 2019
KKR sells shares in SBI Life worth US$75m
This marks the third time in 2019 the private equity firm has sold shares in the Indian insurer.
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- October 24 2019
Indian conglomerate seeks PNG MetLife exit: report
A potetential deal could attract private equity bidders.
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- October 18 2019
Marsh India agrees deal for JLT Independent
The agreement in principle involves two brokers that are both joint ventures.
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- October 17 2019
IAG sells stake in India’s SBI General for US$432m
Premji Invest and Warburg Pincus are the buyers, with the carrier set to book a US$200m profit.
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- October 3 2019
India’s GIC targets Russia, Brazil expansion
The national reinsurer is looking abroad.
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- September 30 2019
Fairfax sells 50% stake in ICICI Lombard
The Canadian player continues to divest its shares.
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- September 30 2019
Nippon Life takes majority shareholding in RNAM
India's Reliance Capital completes another sale to Japanese giant.
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- September 17 2019
State Bank of India drops SBI General IPO plans
SBI has said it doesn't need the capital from a flotation at this stage.
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- September 16 2019
Chubb invests in India digital and actuarial hubs
The two centres will start with 100 people to help service the company globally in IT and other services.
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- September 12 2019
Indian banks’ stakes in insurers to be capped: report
A 30% cap would be a significant change for the market.
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- September 5 2019
IDBI Bank seeks Federal Life stake sale
The move comes after a government capital injection into the lender.
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- September 2 2019
India’s FDI broking boost
International brokers likely to take advantage of the country's 100% FDI reforms.
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- September 2 2019
India ushers in 100% FDI for brokers
There has been a mixed reaction from India's broking association to the move.
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- August 26 2019
Digit Insurance signs with Karur Vysya Bank
The fast growing online insurer and nationwide bank are targeting SMEs.
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- August 23 2019
Indian merger revives
The merger of three public-sector insurers in India could be done within 18 months, says EY.
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- August 21 2019
Triple Indian state P&C merger is best option: EY
National Insurance, United India Insurance and Oriental Insurance have been advised to avoid New India tie-up.
