Prudential expresses interest in BangladeshDecember 21 2015 by InsuranceAsia News Staff
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Market experts suggest the decision not to allocate any more capital is part of a plan to merge the P&C players with LIC.
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The insurer was last valued at US$3.5bn by Sequoia Capital and is backed by investors including Canadian billionaire Prem Watsa.
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The bill looks unlikely to be presented at the upcoming budget session after demands from insurers for changes.
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SIRA fines arise from breaches of AAMI and GIO’s internal review timeframes from April 1, 2018 to August 31, 2020.
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