Country: India Page 32 / 46
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- August 13 2018
State Bank of India selling stake in insurance JV
It has reportedly started the process of selling up to 4% of SBI General Insurance.
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- August 10 2018
DHFL, SVC Bank enter bancassurance deal
The partnership is in line with DHFL's strategy to grow its business on the back of simple, customer-centric solutions.
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- August 6 2018
Online insurance set for dramatic growth in India
The sector is expected to grow to US$8.7bn over the next five years, according to RenewBuy CEO.
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- August 3 2018
India’s cabinet approves IDBI-LIC stake deal
Life Insurance Corporation will buy a 51% controlling stake in the debt-laden IDBI Bank.
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- August 1 2018
PNB MetLife India considering IPO
The issue will involve a sale of shares by Punjab National Bank, MetLife and other institutional shareholders.
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- July 27 2018
Failing harvest for Indian agri insurers
Another good monsoon year is not helping to demonstrate the value of the country’s crop insurance scheme.
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- July 25 2018
Tata AIA Life CEO takes group distribution role in Hong Kong
Naveen Tahilyani is taking over as CEO, group partnership distribution, at AIA Group in Hong Kong.
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- July 23 2018
India’s general insurers post 12.2% growth in premiums
Companies continued to enjoy robust growth in collections during the quarter ended June 30.
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- July 20 2018
Indian merger in question
The timetable for the landmark merger of three state-owned Indian non-life insurers is in doubt.
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- July 16 2018
India’s private insurers outperform public rivals
Private insurers now have a 55% market share, according to ICRA, a Moody’s Investors Service company.
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- July 12 2018
Foreign reinsurers waiting on changes to India’s rules
State-owned GIC Re continues to enjoy right of first refusal for domestic reinsurance business.
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- July 6 2018
India’s ITI Re sold to Fairfax
The country's only private reinsurer has been sold a year after its owner threatened to quit the industry.
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- July 6 2018
IDBI Bank no longer pursuing sale of stake in insurance JV
The proposed sale of its stake in IDBI-Federal Life has been torpedoed by LIC's investment in the bank.
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- June 29 2018
India’s non-life insurers seek outside help for mega merger
National Insurance, Oriental Insurance and United India Insurance are looking for advice on their planned merger.
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- June 27 2018
Indian government defends LIC acquisition of IDBI
The state-owned insurer's move has been described as an acquisition, not a bailout.
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- June 27 2018
Generali raises stake in India JV
The Italian group is increasing its stake in Future Generali from 22.5% to 49% in a deal that could cost US$140m.
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- June 21 2018
India’s general insurers post 12% growth
Gross direct premium underwritten rose in the first two months of the current financial year US$3.56bn.
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- June 15 2018
India’s life firms post 9% premium growth
Life Insurance Corporation generated most of the growth, while many companies experienced declines.
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- June 13 2018
Markel wins Lloyd’s India licence
It will initially focus on treaty and facultative reinsurance for marine, energy, contingency and professional and financial risks
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- June 11 2018
Insurance penetration in India far below global average
More needs to be done to promote insurance as a way to manage risk rather than just a savings tool.
