Country: India Page 35 / 48
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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.
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- June 7 2018
SBI Life eyes 10 bancassurance deals
The Indian insurer is planning to partner with a host of banks as it shifts from its traditional stance.
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- June 4 2018
PE firms target Indian insurance market
There has been a rise in the number of private equity firms interested in acquiring stakes in local insurers.
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- June 1 2018
Here comes Big Tech
Amazon has made its first foray into the Asian insurance sector, leading a funding round in an online Indian insurer.
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- June 1 2018
India considers wholly foreign-owned insurance brokers
The government has reportedly agreed to consider the industry's request to allow 100% foreign direct investments.
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- May 28 2018
Premiums written by India’s non-life insurers up 14%
Gross premiums rose to Rs138.8bn (US$2.03bn) in April compared to the same month of last year.
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- May 23 2018
Warburg Pincus to buy 26% stake in IndiaFirst Life
The private equity firm is lining up to buy Legal and General's stake for approximately US$150m.
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- May 22 2018
India’s top insurers told to boost risk buffers before merger
Irdai has asked the government to offer additional funds or allow the insurers to raise supplementary capital.
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- May 15 2018
Sompo Japan Nipponkoa ups stake in Indian unit
It will acquire a further 6% in Universal Sompo General Insurance from Karnataka Bank.
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- May 4 2018
India appoints outsider to lead Irdai
Subhash Chandra Khuntia is a lifelong bureaucrat and former chief secretary of Karnataka state.
