Country: South Asia Page 26 / 51
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- September 29 2020
India’s ‘too big to fail’ move leaves many questions
Enhanced supervision of GIC, LIC and New India doesn't address underlying risks.
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- September 29 2020
Future’s stakes in Indian JVs close to being sold: report
A sale would reduce the Indian conglomerate's debt burden.
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- September 23 2020
India plans ahead by seeking GIC Re’s help for pandemic risk pool
The reinsurer could be used as an administrator for a multi-billion dollar fund.
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- September 16 2020
Munich Re leads Indian insurtech’s US$60m fundraise
The new round brings Acko's valuation to around US$500m in a thriving market.
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- September 14 2020
Aon and McLarens warn on losses, reduced capacity in Asia’s aviation market
But there are tentative signs of recovery in the sector, after a torrid year so far.
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- September 9 2020
Insurtech BIMA lands US$30m for Asia push
Investors include Allianz and China's CEFIF.
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- September 8 2020
India prepared to offer up to 25% of LIC in IPO
One of the country's largest ever share offerings could become even bigger.
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- September 7 2020
Market readies for P&I loss as oil tanker in Sri Lanka catches fire
The MT New Diamond is a large crude ship which flies the Panama flag.
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- August 31 2020
Billionaire Flipkart founder eyes India M&A deal
Sachin Bansal wants to buy Liberty General Insurance to help expand Navi Technologies.
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- August 26 2020
Axa Bharti GI deal could spark ‘season of consolidation’
As India's P&C players struggle to grow organically, M&A could be the order of the day.
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- August 26 2020
Axis Bank to take reduced stake in India’s Max Life
Discussions with the Insurance Regulatory and Development Authority led to a revised deal.
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- August 24 2020
India’s Bharti Axa GI acquired by ICICI Lombard
The new entity will become India's third-largest P&C player.
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- August 18 2020
Axa’s streamlined Asia strategy could see disposals
Sales in Singapore, India and Malaysia would raise cash and simplify its footprint amid Covid losses.
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- August 13 2020
AIG, GIC Re on hook for Air India’s US$50m crash payout
The hull claim has been approved for the Boeing 737 that crashed last weekend at an Indian airport.
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- August 13 2020
Cover Genius selects ex-Manulife exec for SE Asia, India MD role
The insurtech sees the region as a "significant expansion opportunity".
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- August 7 2020
Asia monsoon season leads to US$20bn economic losses: Aon
There have been over US$750m of insured losses in China alone.
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- August 6 2020
Allianz reveals mixed first half Asia results
While L&H profits fell 9%, P&C climbed 21% bolstered by Malaysia, Sri Lanka and Thailand.
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- August 4 2020
United India withdraws AM Best rating, secures US$144m
P&C player's underwriting losses are concerning, as India's government turns to IPO of life giant LIC.
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- August 3 2020
Asia’s “unprecedented” political risk year
The market remains well-capitalised, but changing global dynamics require a refocus.
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- July 31 2020
India’s Bharti Axa and ICICI Lombard may merge: report
Bharti, the Indian conglomerate, has been looking to offload its insurance arms for some time.
