Finance minister Nirmala Sitharman chaired a review meeting of six...
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Royal Sundaram appoints Vedanarayanan Seshadri as its new MD
. Vedanarayanan Seshadri (Veda),MD&CEO, Royal Sundaram General...
Acko General Insurance penalised Rs 1 cr by IRDA for violating regulations
According to the IRDAI order, even where outsourcing is given to an...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr
"CCI approves the proposed combination involving acquisition of stake in Bajaj Allianz Life Insurance Company, Bajaj Allianz General Insurance Company and Bajaj Allianz Financial Distributors by Bajaj Finserv, Bajaj Holdings & Investment and Jamnalal Sons," the...
Magma General Insurance partners with Toyota Tsusho Insurance Broker India
Magma General Insurance has announced a strategic partnership with Toyota Tsusho Insurance Broker India that will distribute Magma’s comprehensive motor insurance products for private and commercial passenger vehicles through its 150 dealer network. Rajive...
IRDAI approves Medi Assist’s Rs 311 cr take over of Paramount TPA
Nayan Shah, managing director, Paramount TPA said, ``The IRDAI has granted in-principle approval to both the parties to process with transaction. There will be no impact on day- to- day operation and servicing. All operation, team service , structure , system and...
Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers
It has secured regulatory approval to operate as a corporate agent and will soon begin distributing Health, Life, and General Insurance products on its platform for its customers, said Apollo HealthCo CEO Madhivanan Balakrishnan. All plans will be bundled with...
Gallagher expands in Türkiye with acquisition of Aspera
This move marks further investment by Gallagher as the country increasingly becomes as a strategic insurance hub between Asia and Europe, Alex Nagler, CEO of Gallagher in Europe London: Gallagher today announced it has acquired Türkiye-based Aspera Sigorta ve...
Sebi categorises entities on size risk level basis under cybersecurity cyber resilience framework
The Capital market regulator said that entities are grouped into four categories based on size and risk level -- Qualified REs (highest risk, most obligations), Mid-size REs, small-size REs and self-certification REs (least risk, fewer obligations). New Delhi:Markets...
IFSC-GIFT City based insurers should develop products for tapping 32 million NRIs and Indian diaspora: IFSCA chairman
Narendra Bharindwal, president, Insurance Brokers Association of India, K. Rajaraman, Chairman, IFSCA , T Alamelu, principal advisor, IFSCA at the launch of IBAI's chapter at IFSC- GIFT City ` There is a huge retail opportunity for the IFSC-GIFT City based insurers...
Amazon India to provide free health checks-ups to over 80k delivery partners
Announcing the expansion blueprint of the initiative, the company said the medical camps are conducted by Marsh and Care Insurance and provide essential health services, including eye examinations, dental check-ups, BMI assessments, and general physician consultations...
Willis appoints Aon’s Anant Pawar as Aviation & Space Leader for India
Anant Pawar, Aviation & Space Leader, Willis,India Willis handles Indigo's re/insurance accounts. It is the largest airline in India by passengers carried and fleet size, with a 63.6 per cent domestic market share Mumbai: Willis, a business of WTW has appointed...
Lloyd’s broker UIB charged by UK over alleged Ecuador bribes
UIB sold reinsurance services to state-backed insurers covering parts of the Ecuadorian public sector, including the state water and electricity companies between 2013 and 2016, the SFO said. The broker is accused of £3 million to intermediaries who then bribed an...