Country: India Page 37 / 45
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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.
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- April 21 2017
India’s life market grows 26%
LIC remained the top performer, generating total new premium of Rs1.243tn for the period.
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- April 18 2017
IRDAI to double capital requirements for brokers
India’s insurance regulator is pushing for a series of stringent measures for the domestic insurance broking industry.
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- April 12 2017
India’s general insurance sector to grow 32%
Crop insurance and motor sales are projected to fuel growth in the financial year 2016-17.
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- April 11 2017
Religare sells 80% stake in health insurance arm
The Indian insurer has signed an agreement with investors for around Rs10.4b (US$161m).
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- March 31 2017
Regulator tells Fairfax to sell 25% stake in ICICI Lombard
The Canadian insurer needs to sell the stake to be able to apply for a second licence in the general insurance industry.
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- March 29 2017
SBI to sell SBI Life stake through IPO
The State Bank of India will sell at least 8% of its current 70.1% shareholding in the life insurance arm.
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- March 23 2017
India mulls 100% foreign investment in broking
The government is planning to raise the limit from the current 49% to fund more development in the sector.
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- March 22 2017
United India Insurance eyes IPO
The state-owned general insurer will go public after New India Assurance and GIC.
