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Digit raises Rs. 1,176.59 crore from anchor investors

Digit raises Rs. 1,176.59 crore from anchor investors

by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Wealth Management/ Philanthropy

Out of the total allocation of 4,32,57,009 equity shares to the anchor investors, 1,44,96,570 equity shares were allocated to 11 domestic mutual funds through a total of 23 schemes amounting to almost Rs 394.31 crore which is 33.51 per cent of the total anchor book...

Govt entrusts NIA’s financial and administrative powers to both of its EDs

by AIP Online Bureau | May 14, 2024 | Briefs, Non-Life

The government has made some temporary arrangements to manage the day to day functioning of New India Assurance after Neerja Kapur retired as CMD of the company in Apr end. The ministry of finance on Monday has entrusted the financial, administrative powers and...

Aurm Partners with TATA AIG to offer high-end safe vaults with up to Rs 25 lakh insurance coverage

by AIP Online Bureau | May 14, 2024 | Briefs, Non-Life, Technology

Aurm, a Bangalore based firm securing vault services has announced a strategic partnership with TATA AIG General Insurance to provide comprehensive insurance coverage up to Rs 25 lakh to Aurm customers for their entrusted valuables. Aurm partners with banks and real...
SBI Gen unveils first industry-wide policyholder servicing e-platform

SBI Gen unveils first industry-wide policyholder servicing e-platform

by AIP Online Bureau | May 14, 2024 | Indian News, Non-Life, Technology

Kishore Poludasu, MD & CEO, SBI General Insurance This platform allows customers to aggregate their insurance portfolio through an electronic Insurance Account (eIA) and conveniently manage it through a one-stop digital platform-BIMA Central Mumbai: SBI General...
WTW announces market first facility for cargo and war-on-land risks in Ukraine

WTW announces market first facility for cargo and war-on-land risks in Ukraine

by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Sam Warnes, Director Marine Cargo commented, “This facility complements our other cargo war offerings such as our Black Sea Grain facility and $300m facility offering cover in the Red Sea and other high risk war areas.” London: WTW, a leading global advisory, broking...
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