Country: South Asia Page 54 / 57
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- February 2 2016
GIC Re to open China branch
The office will open within the next two to three months, according to chief managing director Alice Vaidyan.
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- January 26 2016
GIC appoints first woman head
Alice Vaidyan has been named chief managing director of GIC Re, joining a list of women CEOs in India.
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- January 22 2016
XL Catlin to open reinsurance branch in India
The decision to pursue a licence is part of a strategy to expand its presence in emerging markets.
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- December 29 2015
Mitsui Sumitomo raises stake in India JV
Japanese firm increases stake in Cholamandalam MS General Insurance to 40%
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- December 22 2015
India’s general insurance penetration drops to 0.70%
Slower economic growth and entry of life players into the general market, attributed says GIC
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- December 21 2015
Prudential expresses interest in Bangladesh
UK insurer eyeing majority stake in a proposed joint venture through IRDA
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- December 4 2015
Sun Life plans to raise stake in Indian JV
The Canadian insurer is the latest foreign player to raise its stake in an Indian life insurance JV.
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- December 2 2015
AXA ups it stake in Indian joint ventures
The French insurer has raised its stake to 49% in both its life and general insurance JVs with Bharti.
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- November 17 2015
IRDA fast-tracks entry of Lloyd’s in India
The Insurance Regulatory and Development Authority of India is paving the way for an onshore presence.
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- November 13 2015
Bangladesh cancels insurance licence for first time
Standard Insurance has lost its operating licence for failing mandatory reinsurance regulation.
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- November 13 2015
SBI Life likely to become India’s first insurance IPO
It could beat HDFC Life to become the first Indian insurer to list directly on a local stock exchange
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- November 10 2015
Bangladesh eyes insurance for 21 million public servants
The government has plans to provide 2.1 million public servants with life and health insurance.
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- November 10 2015
India’s non-life association puts up fraudster database
The list will focus on cases of attempted fraud and policyholders whose names turn up in multiple claims.
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- November 6 2015
World Bank eyes insurance investment in Bangladesh
The bank is reportedly planning to strengthen the sector and enhance its capacity through investment.
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- October 30 2015
Indian insurers to spend US$2.16bn on IT in 2016
American research firm Gartner says Indian insurers are prioritising IT investments, digitalisation.
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- October 27 2015
Indian women’s insurance spend to hit US$35bn by 2030
The insurance industry has overlooked women as a key customer segment, despite growth potential.
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- October 19 2015
Bangladeshi scheme will train insurance practitioners
Professional insurance education is being offered through two private academic institutions.
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- October 14 2015
Nippon Life ups stake in India’s Reliance Capital
The US$184m stake is the biggest foreign direct investment in India's mutual fund industry.
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- October 14 2015
Aon reportedly pulling out of India’s broking market
Broker is set to pull out of its Indian joint venture amid "regulatory changes".
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- October 13 2015
AIA sells Sri Lanka general insurance unit
Local insurer Janashakthi will pay US$22.8m to buy the unit after raising funds from a rights offer.
