Future Generali insurance JVs begin operations
Banking Bureau
Posted: 2007-10-25 00:00:00+05:30 IST
Updated: Oct 25, 2007 at 0141 hrs IST
Trieste, Mumbai,Oct 24: Future Generali, a joint venture between Future Group and Generali Spa, has announced on Wdnesday the commencement of its India operations in the life and non-life insurance business space through Futrure Generali India Life Insurnace company and Future Generali India Insurnace Company. Future group holds 74% each in both the companies.
With Rs 115 crore each, the two companies have a 50:50 representation in both the boards.
“Our knowledge of Indian consumers and our extensive retail presence would help us reach out to a wide range of consumers with unique insurance products and services,” said Kishore Biyani, group CEO, Future Group.
GN Bajpai, former chiarman of Sebi and Life Insurnace Corporation, has been appointed the non-executive chairman of the joint ventures. Both Biyani and Segio Balbinot, chief executive officer, Generalli, will be part of the two the boards
Generali, Europe’s third largest insurer, based in Trieste, Italy, is looking at definite tie-ups with banks and financial institutions for its joint ventures in India. This will compensate Pantaloon's lack of experience in financial sector, said people close to the discussions, while its wide network of retail outlets will mostly boost the distribution of insurance products.
India and China are the two markets Generali is increasingly expanding as growth in Europe is slowing down.
The close relation with banks and financial institutions in India will also act as a safeguard, should any difference of opinion arise with the alliance partner, the Future Group, as India's insurance market is slowly opening up to foreign players.
Comments
» custmore care executive operations
Posted by devendra pal singh on 2008-11-15 20:38:53.527186+05:30
i have 5years experiance in sales.currently im working in ing vysya life insurance co. kanpur(u.p) my mobile no-9335318587,9889169489im intrested in kanpur city only in operations or back office. thank u.
» RESUME FOR BACK OFFICE OPERATION JOB
Posted by TUBLU CHOUDHURY on 2008-11-12 14:01:28.764291+05:30
DEAR SIR/MADAM,I AM LOOKING FOR BACK OFFICE OPERATION JOB. I am currently working as an INVESTOR RELATIONSHIP OFFICER-Operations with KARVY Limited in JAMSHEDPUR.9955143001(M),06572269841(R)
» SEEKING OPPORTUNITY FOR MY CAREER DEVELOPMENT AT YOUR PRESTIGIOUS ORGANIZATION
Posted by Irfan Khan on 2008-10-28 11:33:18.722485+05:30
Happy Diwali to all the member of Future Generali Group.Dear Sir/Madam,I would request you to pls update me regarding the Operations Opening in your company and the process to apply. I am currently working with Reliance Life Insurane Company Ltd. At Mumbai (Tardeo Branch) as a Seniore Sales ManagerRegards, IrfanMobile: 9819507086
» operation executive job
Posted by SACHIN SHARMA on 2008-10-23 19:07:28.617149+05:30
Dear Sir/Madam,I would request you to pls update me regarding the Operations Opening in your company and the process to apply. I am currently working as an customer care executive-Operations with Reliance Life Insurance Company Limited in Ambala.Regards,sachin sharma 09817338916
» RESUME FOR BACK OFFICE/OPERATION JOB
Posted by ARINDAM NANDI on 2008-10-15 13:33:01.229642+05:30
DEAR SIR/MADAM,I AM LOOKING FOR BACK OFFICE/OPERATION JOB PREFERRABLY IN KOLKATA.CURRENTLY,I AM WORKING WITH ICICI PRU,SALTLAKE BRANCH,KOLKATA. MY MOB NO. IS 09836182657,(033)25489277
» Know about
Posted by Dipti Prakash Seth on 2008-09-16 11:10:59.812084+05:30
My cell number 9232585252/9735115555interested about to know the insurance group.
» motor claim assessor
Posted by vipin aggrawal on 2008-08-15 17:21:27.924368+05:30
Hello Sir, I am a independent surveyor working in Delhi
» job
Posted by yogesh on 2008-08-13 12:27:41.299885+05:30
i am the student of mbe (master of business economics) at surat,i am interested to know your company for post of sales manager.i have worked as an financial advisor in reliance life insurance.kindly reply me.
» opening
Posted by sunil kumar mehta on 2008-08-12 13:45:34.596894+05:30
Dear Sir/Madam, I request you to pls update me regarding the openings in your company and the process required to apply in your company. I am currently working with Mahindra Insurance Brokers Ltd as Officer-Customer Support (Motor). Hoping for a quick reply.Regards,sunil kumar mehtacell no. 099286-53069
» Operations Opportunity
Posted by Tanmaya Kumar Sahoo on 2008-08-09 01:02:09.543325+05:30
Dear Sir/Madam,I would request you to pls update me regarding the Operations Opening in your company and the process to apply. I am currently working as an Area Manager-Operations with ICICI Lombard GIC Ltd.Regards,Tanmaya#(0)9838106501
» Back Office Opretion Job
Posted by JITESH M VYAS on 2008-12-08 12:13:22.332761+05:30
Dear sirI wouldrequest your to pls update me regarding the opretion opening in your company and the process to apply.my total expereance in back office opretion is 12 yrs.
