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Bain Capital raises $1.15 bln for first fund dedicated to insurance investments

by AIP Online Bureau | Jul 19, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Matt Popoli, global head of Bain Capital Insurance, told Reuters that the new capital pool, Bain Capital Insurance Fund, would give his 20-strong team the ammunition to back middle-market insurance firms overlooked by others Focused on North America and Europe, the...

by AIP Online Bureau | Jul 19, 2023 | Workplace/Employee Benefits

MDRT sets up shop in Singapore, appoints sr officials for APAC region

by AIP Online Bureau | Jul 19, 2023 | Intermediaries, International News, Life

“The opening of MDRT Asia-Pacific headquarters underpins MDRT’s commitment to the industry,” said Carol Kheng, MDRT Second Vice President, who leads the new office. The new Singapore office will support MDRT events in the Asia-Pacific region,...
HDFC Bank to focus on bundled products for its customers: CEO

HDFC Bank to focus on bundled products for its customers: CEO

by AIP Online Bureau | Jul 19, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Wealth Management/ Philanthropy, Workplace/Employee Benefits

”Savings accounts, personal loans, insurance cover, SIPs can all be bundled along with a home loan to create a compelling value proposition to the customer, that probably does not exist in the market at the scale at which this is envisaged,” said HDFC Bank...

Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

by AIP Online Bureau | Jul 19, 2023 | Banking & Bancassurance, Indian News, Non-Life

Post the capital infusion by RCAP, Reliance General Insurance will also raise an additional Rs 400 crore Tier 2 capital to accelerate growth, sources said The company had said that borderline solvency was creating business hesitation in corporate clients, government...
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