Sivasubramanian Ramann, Chairman,PFRDA NPS Swasthya is a...
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SEBI preparing markets for quantum computing risks, post-quantum cryptography: Tuhin Kanta Pandey
Pandey said sufficiently advanced quantum computing could pose a...
Equity MF inflows hit 4-Month high in August: AMFI Data
The overall mutual fund industry saw a decline in net inflow to Rs...
SC takes suo motu cognisance of matter regarding access to life-saving medicines
The matter relates to a woman in Kerala, who was suffering from breast cancer and had moved the state high court challenging the exorbitant prices of medicine for treatment. She died during the pendency of the plea in the high court. New Delhi: The Supreme Court on...
Allianz Jio Re writes Rs266 crore of prm in maiden qtr, AGCS India to shift its business to JV
``We assure clients of uninterrupted service, continuity of coverage and consistent relationship management, as the existing facultative reinsurance portfolio from Allianz Commercial / Allianz Global Corporate & Specialty (AGCS) will be transitioned to Allianz Jio...
ICICI Lombard loses over $980 million in value on persistent earnings worries
A recent Indian Supreme Court ruling on motor accident compensation, coupled with pricing pressures, has raised the risk of further provisioning and earnings downgrades, analysts said. Mumbai:Shares of ICICI Lombard General Insurance logged their steepest fall in six...
ICICI Lombard Q1 PAT slumps 46% to Rs 403 crore on fire losses, Supreme Court Motor TP ruling
Sanjeev Mantri, MD & CEO, ICICI Lombard General Insurance The company said the quarter's combined ratio included the impact of two large fire losses amounting to Rs 63 crore, which added 1 percentage point to the ratio. In addition, a recent Supreme Court...
Munich Re’s Ankur Gupta takes over as CEO of Partner Re’s GIFT City branch
Ankur Gupta, CEO, Partner Re,GIFT City. Partner Re’s GIFT City branch will provide support to Indian clients, enhancing responsiveness, regulatory alignment, and ease of doing business, offering locally the depth of PartnerRe’s global underwriting expertise and...
Files relating to India’s largest nuclear power plant Kudankulam exposed in data breach
Another document purports to show that Reliance Infrastructure and the Nuclear Power Corporation had taken out an insurance policy that would entitle them to $112 million if either Unit 3 or Unit 4 were to suffer an act of terrorism Bengaluru: Ransomware group...
HDFC Life records 12% rise in net profit to Rs 611 crore in Q1FY27
Vibha Padalkar, MD & CEO, HDFC Life, said,"Growth during the quarter was underpinned by strong customer acquisition, with the number of policies growing in double digits and ahead of industry,'' Mumbai:Despite having a slight fall in value in new margin (VNB),...
ICICI Pru Life Q1 pofit Jumps 28 pc to Rs 386 cr
Anup Bagchi,MD & CEO,said, “We reported a new business premium growth of 21.3 per cent year-on-year in Q1-FY2027 on the back of number of policies growth of 13.2 per cent. Protection continues to be our core focus area, During the quarter, we settled ₹ 1,306 crore...
Draft final probe report in Ahmedabad plane crash to be ready in October: AAIB to SC
The affidavit stated that the objective of an aircraft accident investigation is solely to improve aviation safety and prevent future accidents, and not to apportion blame or determine civil or criminal liability. New Delhi:The Aircraft Accident Investigation Bureau...
New India honours insurance veteran S.K. Kanwar with ‘Legacy of Excellence Award’
LtoR-Girija Subramanian, CMD, New India Assurance,G Srinivasan,MD&CEO,Galaxy Health Insurance,SK Kanwar, Advisor, Reliance Industries,BCPatnaik, Director, National Insurance Academy and Amit Roy,Partner and Leader- Insurance & Allied Businesses · PwC...