Edme Insurance Brokers has appointed Nitin Firke as managing...
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ICICI Lombard and AWS enable seamless business continuity with automated Disaster Recovery solution
ICICI Lombard in collaboration with Amazon Web Services (AWS), has...
Govt clears appointments of 5 EDs in PSU general insurance cos
The government on Tuesday has cleared the appointments of five...
Max Life Insurance buys 2.99 pc in Capital Small Finance Bank
Max Life Insurance has bought shares in Capital Small Finance Bank for Rs 49.50 crore, taking its stake in the bank to 2.99 per cent. Max Life Insurance Company has been allotted a total of 10.57 lakh equity shares. Each equity share has a face value of Rs 10....
PNB MetLife declares highest-ever bonus of Rs 768.6 crore in FY22-23
PNB MetLife has announced the highest-ever bonus of Rs 768.6 crore for eligible policyholders in FY 2022-23. This bonus amount is 29 per cent higher than Fy 2021-22, benefitting almost 5.52 lakh policyholders of the company.
Bajaj Allianz Life opens office in Dubai
Aiming to improve customer services to its non-resident Indian (NRI) population in the Middle East, Bajaj Allianz Life is opening its first representative office in Dubai, ."GCC’s sizeable NRI community is of pivotal importance to us," said Tarun Chugh, MD and CEO of...
Castrol, Mahindra Insurance Brokers announce strategic alliance for Castrol Auto Service Workshops
Castrol India Limited, India’s leading lubricant player, has signed an MoU with Mahindra Insurance Brokers Limited (MIBL), to enable Castrol Auto Service (CAS) workshops to sell vehicle insurance policies by top insurance companies, further enhancing their customer...
Kotak Life to recruit Ex-Servicemen for various roles in the company
Kotak Mahindra Life Insurance Company (Kotak Life) on Monday signed a Memorandum of Understanding (MOU) with the Directorate General Resettlement (DGR), an Inter Service organization functioning directly under the Department of Ex-Servicemen Welfare (Ministry of...
Vumlunmang Vualnam appointed as addl secy, DEA
The government on Monday has appointed Vumlunmang Vualnam as the new additional secretary in the Department of Economic Affairs. Suchindra Mishra, additional secretary, DFS , who was also dealing with Insurance Department, has been shifted to Ministry of Defense.Shyam...
Guy Carpenter appoints Laurent Rousseau as CEO of EMEA
Guy Carpenter announced the appointment of Laurent Rousseau, former CEO of SCOR, to the newly created position of Guy Carpenter CEO of EMEA and Global Capital Solutions, effective September 4, 2023. Based in London,he will report to Dean Klisura, Guy Carpenter...
LIC raises stake in SAIL by 2%
Life Insurance Corporation of India (LIC) has raised its stake in state-owned steel production firm SAIL by about 2 per cent to to 8.68 per through an open market acquisition. LIC bought 8.26 crore shares or 2.001 per cent of equity capital at an average price of Rs...
Max Life launches Smart Wealth Advantage Growth Par Plan
Max Life Insurance Company Ltd. has launched Smart Wealth Advantage Growth Par Plan - a non-linked participating Individual Life Insurance Savings Plan. The plan combines the power of ‘Protection, Liquidity, and Flexibility’ into a simple solution and offers...
TPG backed Insurtech PolicyBoss closes Series B funding
InsurTech PolicyBoss, announced that it has closed its series B round of investment with a consortium of investors’ including India SME Investments and Madhav Mirani, (Ex-Co-founder–Ugam Solutions) and prominent Angel Investor – Jitendra Gupta, amidst continued...