Country: South Asia Page 6 / 50
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- June 26 2024
Zurich aims to grow India headcount 40% following Kotak acquisition: report
In three years, the insurer will hire people in commercial underwriting, distribution and digital development, according to APAC chief executive Tulsi Naidu.
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- June 25 2024
HDFC Ergo appoints Anuj Tyagi as CEO
Tyagi succeeds Ritesh Kumar, who will move to the board of management of Ergo International as deputy chief operating officer from October 4.
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- June 25 2024
India to exempt reinsurance, co-insurance from GST: report
With the removal of the 18% tax, past cases where demand notices have been issued will be regularised on an “as is where is’ basis.
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- June 24 2024
InsuResilience expands India parametric rainfall cover with further premium support
In 2020, ISF co-funded the development and implementation of the excess rainfall cover for India north-eastern state of Nagaland.
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- June 20 2024
Girija Subramanian takes over as New India Assurance chairperson and managing director
She was formerly the CMD of Agriculture Insurance Company of India.
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- June 19 2024
Zurich completes acquisition of 70% stake in Kotak General Insurance
The transaction is the largest foreign investment in India’s general insurance market and the first by a foreign insurer since the FDI limit was raised to 74%, according to the global carrier.
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- June 19 2024
WTW’s Asia specialty build-out targets region’s complex risk landscape
The broker aims for deeper specialist insights to tailor solutions for emerging challenges like geopolitical risks, climate change, AI, and inflationary pressures, says Luke Ware, Asia head of corporate risk and broking.
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- June 12 2024
Extreme heat triggers parametric payout for 50,000 women in India
The parametric insurance, which benefited women working in the informal sector, was underwritten by Swiss Re and provided locally by ICICI Lombard.
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- June 12 2024
India overhauls general insurance rules to speed up claim settlement
The regulator has introduced regulatory reform to simplify and speed up claims process for policyholders, reduce administrative hurdles and enhance transparency.
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- June 11 2024
Howden India appoints Hanmant Dudle as head of large account practice for property and construction lines
Prior to joining the broker, Mumbai-based Dudle was vice president in charge of large account practice at insurer ICICI Lombard.
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- June 6 2024
RBI approves Zurich’s acquisition of Kotak General Insurance’s 70% stake
All regulatory approvals required for the transaction are now received, according to Kotak Mahindra Bank.
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- May 29 2024
Cyclone Remal floods villages, cuts power, shuts airports in Bangladesh, India
The cyclone has affected 3.7 million people along the coast and killing at least 16 people as of May 28.
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- May 29 2024
GIC Re’s FY 2024 underwriting losses near US$500m
The India state-owned reinsurer’s COR deteriorated to 111.82% for FY 2024, while GWP for the period grew marginally to US$4.5bn.
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- May 27 2024
Paytm General Insurance withdraws application for general insurance licence
The decision allows the group to focus on the insurance distribution portfolio built by its wholly-owned subsidiary Paytm Insurance Broking, it said.
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- May 27 2024
Gallagher Re beefs up India agriculture team with two new hires
New Delhi-based Naveen Sharma and Mumbai-based Cherukumalli Kiroj Kumar have joined the global broker's agriculture specialty team in India.
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- May 23 2024
Fairfax-backed Go Digit makes a quiet trading debut
The US$314m IPO was priced at the top end of the price band valuing the digital insurer at US$3bn.
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- May 22 2024
Aon promotes Sharad Vishvanath as enterprise client leader in India
In his new role, Vishvanath will focus on advising large clients on complex issues relating to risk and human capital.
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- May 22 2024
Diot-Siaci to buy majority stake in Indian broker Unilight
The agreement is expected to strengthen Diot-Siaci's presence in Asia and allow the European broker to participate in the expansion of the Indian insurance market.
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- May 20 2024
Fairfax-backed Go Digit’s US$314m India IPO fully subscribed
The IPO was 9.6 times subscribed at the close of bookbuilding and is slated for trading on May 23.
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- May 17 2024
Allianz Partners charts APAC expansion with India reinsurance, retail lines in focus
The embedded assistance and specialty retail insurance business is betting on expanding travel, mobility and reinsurance operations to drive growth across multiple regional markets.
