Country: India Page 42 / 47
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- October 10 2016
SBI to sell stake in SBI Life
Bank looking to sell as much as 5% of its 74% stake in SBI Life Insurance to private equity funds.
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- October 3 2016
Demand for political risk cover grows in India
The growing demand is a response to threats from Islamic State and similar extreme groups.
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- September 30 2016
ICICI Prudential launches India’s first insurance IPO
Selling shareholder ICICI Bank raised US$911m from the country's biggest initial public offering in six years.
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- September 28 2016
Bank of India sells 18% stake in insurance JV
The stake in Star Union Dai-ichi Life Insurance has been bought by its Japanese partner Dai-ichi Life Insurance.
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- September 27 2016
India plans public listing of state insurers
New India Assurance and GIC, which together have assets of more than US$20bn, are set to IPO first.
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- September 22 2016
India’s BSE to venture into insurance business
Bombay's stock exchange is set to float two insurance-related arms under its fully-owned subsidiary BSE Investments.
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- September 20 2016
Indian insurer’s ‘foreign’ executive told to step down
Universal Sompo General Insurance has acted to comply with FDI rules calling for local management control.
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- September 13 2016
Indian insurers unprepared for mandatory listing
The country's insurers are worried about a mandatory listing proposal introduced by the regulator.
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- September 7 2016
Investors bet on private health insurance
The countries expected to draw substantial investment in private healthcare are China, India, Brazil and Mexico.
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- August 30 2016
Indian life insurers keep up high growth rates
New premiums were buoyed by better distribution channels, low rates and better expectations from unit-linked products.
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- August 22 2016
India pushes outsourcing norms for insurers
Activities such as medical examination, claims investigation and recovery may be outsourced under the new proposal.
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- August 19 2016
Indian life insurers post double-digit growth
Industry officials credited the surge to huge participation in unit-linked insurance plans.
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- August 15 2016
India pushes for insurers’ mandatory listing
Insurers that have been in business for eight years may have to list publicly under new plans.
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- August 12 2016
HDFC and Max pave the way for Indian consolidation
HDFC Standard Life and Max Life are going ahead with a merger that will create India’s biggest private-sector insurer.
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- August 10 2016
HDFC Life and Max Life agree merger terms
The terms of the three-step merger have been announced after the boards of all four firms approved the terms.
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- July 29 2016
India’s general insurance sector posts 20% growth
The country's private insurers continue to post better performance than their counterparts in the public sector.
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- July 27 2016
GIC Re aims for global recognition
Chairman Alice Vaidyan said that GIC will be among the top 10 ranked global reinsurers by 2020.
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- July 20 2016
ICICI Pru Life’s IPO poised to be India’s biggest in six years
The listing is expected to take place this year, with proceeds of up to US$745m going to majority owner ICICI Bank.
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- July 19 2016
Indian life firms post strong growth
Statistics from June show a 23% increase in annualised premium equivalent, according to Kotak Institutional Equities Research.
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- July 13 2016
India’s Edelweiss to launch insurance company
One of the country's leading diversified financial services companies is preparing to enter its competitive insurance industry.
