Country: India Page 31 / 39
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- July 24 2017
Global Insurance buys out Aon in India JV
The deal for the 26% stake immediately changes the JV's brand name to Global Insurance Brokers.
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- July 18 2017
Indian insurers bullish on continued growth momentum
The country's general insurance industry says that 20% annual growth will be sustainable in the coming years.
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- July 17 2017
India’s HDFC Life shareholders push IPO plans
Standard Life is reportedly keen to move forward with the listing after the merger with Max Group's is likely to be called off.
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- July 14 2017
Irdai enforces more transparency over policy exclusions
Regulations released this week also require every insurer to display service parameters and turnaround times.
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- July 12 2017
SBI Life’s IPO plan gets final board approval
The insurance unit of State Bank of India is aiming to raise US$1.1bn, becoming the second insurer to go public.
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- July 7 2017
Premium growth defies weak economies
Advanced economies were the main drag on global premiums, but growth in many emerging markets slowed also.
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- June 22 2017
India’s general insurers post 16% gross premium growth
Solid gross direct premium growth was buoyed by increased premiums in health, motor and fire insurance.
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- June 21 2017
Indian regulator promotes investment in Reits, InvITs
Rules have been relaxed for investment in real estate investment trusts and infrastructure investment trusts.
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- June 20 2017
Tokio Marine raises stake in Indian unit
The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.
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- June 12 2017
Plan to merge three Indian insurers scrapped
Oriental Insurance, National Insurance and United India Insurance have been asked to come up with a new plan.
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- June 9 2017
Regulator opposes merger of Indian life firms
Irdai has disapproved the proposed merger of Max Life and HDFC Standard Life, based on the structure of the deal.
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- May 30 2017
Fairfax sells stake in Indian JV
The Canadian company has sold 12.18% of its stake in general insurance firm ICICI Lombard General Insurance.
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- May 30 2017
India’s general market posts 16% premium growth
Private sector general insurers have overtaken their state-owned peers in terms of premiums for the first time.
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- May 25 2017
Doubts on HDFC Life, Max Life merger unresolved
The proposed merger has not received any opinion from the country’s attorney general.
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- May 23 2017
DBS India inks two bancassurance deals
The new partnerships are with Tata AIA Life and Birla Sun Life, after its agreement with Aviva India Life.
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- May 16 2017
Axis Bank seeks additional bancassurance partner
India's third largest private-sector bank is planning to bring its total number of life insurance partners to three.
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- May 16 2017
Irdai approves Gen Re R3 licence in India
The R3 licence covers underwriting and risk management expertise locally rather than cross-border.
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- May 15 2017
SBI General Insurance posts first profit in seven years
The company attributed the rise in profits to improved risk selection and better expense-control measures.
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- May 9 2017
GIC Re names five banks for IPO
India's state-owned reinsurer has selected HSBC, Citi, Deutsche Bank, Kotak and Axis as bookrunners for its listing.
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- May 3 2017
Philippine life market growing at rapid pace
The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.
