SBI Life Insurance has entered a strategic corporate agency...
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Policybazaar launches ‘ClaimSetu’
Policybazaar for Business (PBFB), the corporate arm of one of...
Edme Insurance Brokers appoints Nitin Firke as MD, Reinsurance
Edme Insurance Brokers has appointed Nitin Firke as managing...
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...
Max Life announces Rs 1,604 cr bonus for its policyholders
Max Life Insurance Company Ltd has announced its highest- ever participating (PAR) bonus of Rs. 1,604 Cr. for its approximately eligible 21 lakhs eligible participating policyholders in FY22-23. This is the Company's 21 st consecutive annual bonus; 8% higher than the...
Rajeev Dogra appointed as MD & CEO of Raheja QBE General Insurance
Raheja QBE General Insurance has announced the appointment of Rajeev Dogra as its new Managing Director & Chief Executive Officer following regulatory approval from Insurance Regulatory and Development Authority of India. Dogra has three decades of experience and...
Bansal to replace Sourav Mishra in NIC and NIA
The government has nominated Mukesh Kumar Bansal, the new joint secretary in Department of Financial Services (DFS) on the board of Kolkata based National Insurance Company(NIC) with immediate effect in place of Saurabh Mishra, who quit his job earlier. Bansal will...
HDFC Life elevates Niraj Shah as ED & CFO
HDFC Life has elevated Niraj Shah as executive director & chief financial officer, effective April 26, 2023 for a term of three years, subject to approval of the Shareholders. Niraj has been the CFO) of HDFC Life since February 2019. He oversees finance, product...
Tata AIG appoints Anjani Kumar as CTO
Tata AIG General Insurance has appointed Anjani Kumar as chief technology officer (CTO). With over 24 years of experience in digital business transformation and technology spectrum across diversified industries such as IT consulting, logistics, pharma, automobile and...