Insurance Industry News, Insurance News, Insurance Companies, Indian Insurance Industry

Edelweiss in JV deal with Tokio Marine

Edelweiss Capital inked a JV agreement with Japanese insurer Tokio Marine Holdings (TMH).

HCL Tech inks $200-mn pact with UK-based insurance co

The country's fourth largest software exporter, HCL Technologies, today said it has bagged a USD-200 million contract from the UK-based insurance firm Equitable Life Assurance Society.

Foreigners eye Reliance Cap life unit

Three foreign firms have approached Rel Capital about buying a stake in its life insurance biz.

Life insurance biz to clock Rs 2,55,000 cr premium

The Indian life insurance industry is expected to grow by about 15% in current financial year.

LIC hikes stake in Bank of Maharashtra

LIC said it has hiked its stake to 7.27 per cent in state-owned Bank of Maharashtra.

HDFC Standard Life plans to hit capital mkt

HDFC Standard Life said it plans to come with an initial public offer in the next fiscal.

IDBI Fortis Life Insurance to break even by 2015

IDBI Fortis Life Insurance said it expects to break even by 2015.

HDFC Std Life expects 15% growth in its premium

HDFC Standard Life is aiming for a 10-15 per cent growth in new business premium in the current financial year, a top company official said.

ING Life launches its new Ulip plan

ING Vysya Life Insurance launched a unit-linked investment solution-ING Flexi Life Plus, which offers flexibility in premium payments.

Allianz Q3 net income stood at 1.32 bn euros

Global insurer Allianz reported its third quarter net income at 1.32 billion euros.

AXA Asia-Pacific rejects break-up plan

The break-up plan would have left its Australian assets with rival AMP and its Asian assets with French parent AXA.

Birla Sun Life MF AUM up 68 per cent

Birla Sun Life Mutual Fund has posted a 68 per cent y-o-y growth in Assets under Management.

Axis Bank Executive Director Hemant Kaul resigns

Axis Bank’s Executive Director, Hemant Kaul has resigned from the bank to join as the Chief Executive Officer of Bajaj Allianz General Insurance.

Govt for consensus to pass reforms bill: FM

The Government sought broad political consensus to clear the crucial legislations, including the labour and the insurance bills, to push forward the reforms for returning to 9 per cent economic growth.

IRDA to stick to Nov 1 deadline on disclosure norms

Insurance regulator IRDA said that it would stick to November 1 deadline to bring out guidelines for public disclosures to be made by insurance companies.

PM urged to release Rs 356.58-cr crop insurance

Andhra Pradesh Chief Minister K Rosaiah has requested Prime Minister Manmohan Singh to immediately release Rs 356.58-crore from the Centre towards payment of insurance claims to farmers who suffered crop loss due to recent floods and drought in the state.

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