Indian government reneges on capital support to state-owned general insurers: report
August 28 2023 by InsuranceAsia News-
Central Bank of India approved to raise stake in Generali JVs to 26%
- March 4
Bank will raise its stake by 1.09% in Generali Central Insurance and by 0.82% in Generali Central Life Insurance after sign off from the Competition Commission of India.
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India eyes April shift to new financial reporting for insurers
- March 4
Insurance Regulatory and Development Authority of India proposes parallel reporting using the current framework in the first year of implementation.
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QBE to take full control of Indian non-life JV Raheja QBE in US$35.5m deal
- March 2
Australian carrier will buy out the 51% shareholding from its Indian partner Prism Johnson, terminating an 18-year-old partnership.
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ICICI Lombard rating outlook revised to positive on strong balance sheet fundamentals: AM Best
- March 1
Indian insurer’s balance sheet strength is expected to continue improving over the near to medium term, supported by robust capital generation and sound capital management, the rating agency said.
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