Country: India Page 29 / 39
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- December 7 2017
India allows PE funds to own insurance companies
Private equity funds can now own up to 10% of the paid-up equity of an insurer, says Irdai.
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- December 7 2017
LIC books 12% first half premium income growth
The results were driven by profits from the sale of equities during the period.
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- December 4 2017
Reliance General gets final clearance for IPO
The offering will account for 25% of the post issue paid-up capital of the insurer.
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- December 1 2017
PE funds will be allowed as promoters of Indian insurers
Irdai has approved a proposal to allow private equity funds to promote insurance companies through SPVs.
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- November 29 2017
Oriental Insurance announces listing plan
The company plans to list on several bourses in line with the government’s programme in 2018-19.
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- November 29 2017
Regulatory reforms and strong economy boost insurers in India
The rating agency forecasts the non-life insurance sector to maintain its double-digit growth over the next three-to-four years.
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- November 27 2017
Dozen bidders eye purchase of Star Health
Financial and strategic investors have joined the fray to buy the Chennai-based insurer from its private equity owners.
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- November 24 2017
SBI General Insurance to list in 18 to 24 months
The general insurance arm of India's largest lender is reportedly on track to hit the stock market in 18 to 24 months.
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- November 14 2017
PNB Metlife signs India bancassurance deal
The deal with Bank of Bahrain and Kuwait provides access to major metro areas such as Mumbai, Hyderabad, Aluva and New Delhi.
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- November 9 2017
Dozen firms in the running to acquire India’s Star Health
At least 12 companies have expressed interest in bidding for the country's largest standalone health insurance provider.
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- November 8 2017
Edelweiss Tokio Life in talks for bancassurance deals
The Indian-Japanese joint venture is in discussions about possible cooperation with several banks.
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- November 7 2017
Royal Sundaram aims to raise US$100m
The Indian general insurer is reportedly looking to raise equity capital of up to US$100m.
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- October 30 2017
India eyes 10-year lock-in for PE investors
The country's regulator has made it harder for private equity companies to exit at will from insurers.
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- October 27 2017
GIC Re debut fails to impress
India’s state-owned reinsurer got off to a mediocre start this week after its shares started trading in Mumbai and Delhi.
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- October 27 2017
India’s health segment to grow faster than motor
With just 10% of people taking up commercial health insurance, the sector has more room to grow.
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- October 23 2017
India’s National Insurance seeks IPO approval
The state-owned general insurance company is seeking approval for an offering that could value the insurer at US$3.84bn.
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- October 20 2017
Indian insurers told to run cyber security audits
The regulator has asked for immediate security audits after reports of cyber attacks targeting financial institutions.
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- October 18 2017
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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- October 17 2017
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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- October 12 2017
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.
