IndiaFirst Life Insurance Company Limited (IndiaFirst Life)...
Category:
Intermediaries
Latest
LIC to spend up to Rs 840 crore for Bima Sakhis, targets Rs 4,000 crore new business in 1st yr
Siddharth Mohanty, MD and CEO, Life Insurance Corporation Talking...
Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business
Gallagher follows in the footsteps of rivals Aon and Marsh...
Gallagher picks up a miniority stakes in Edelweiss Insurance Brokers
“EIBL presents an exciting opportunity to expand Gallagher’s commercial insurance footprint in India, in keeping with our growth strategy to invest in market-leading businesses that broaden our specialist capabilities and diversify our geographic presence,” said J. Patrick Gallagher, Jr., Chairman, President and CEO.
PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports
New Delhi has been trying to merge smaller regional state-run banks with better managed larger government-owned lenders as one way to reduce bad loans that stand at more than Rs 9 trillion ($130 billion), or nearly 5 per cent of the nation’s gross domestic output.
Reliance entry to digitise 5 million kirana stores by 2023: Report
As much as 90 per cent of India’s USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries.
Marsh & McLennan receives final regulatory approvals on buying JLT on April 1
The $5.6 billion deal, which was hammered out in about 11 days between MMC CEO Dan Glaser and JLT Group CEO Dominic Burke, looks to b one of the largest ever involving insurance brokers. Last year, KKR & Co. and Canada’s Caisse de Depot et Placement du Quebec acquired USI Insurance Services for $4.3 billion
MARSH increases stake in MARSH India to 49%
Alex Moczarski, Chairman of Marsh & McLennan Companies International and chairman of the board of Marsh India, said: “As companies in India look to expand both domestically and into international markets, they need the very best risk and insurance advice to help them navigate an increasingly complex global risk landscape. We are committed to working closely with our colleagues in India as they continue to bring the very best global expertise to local clients.”
Bharti AXA Life Insurance hires 10,000 insurance advisors and sets up 50 new branches across India
The annualised new business premium grew 48 per cent to Rs 422 crore in the first nine months of 2018-19 against Rs 286 crore in the similar period of 2017-18. The company posted 19 per cent growth in its renewal premium Rs 742 crore in the first three quarters of this fiscal, as compared to Rs 623 crore in the same period during the financial year 2017-18
Irdai panel suggests host of steps for speedy settlement of insurance claims
The WG has also suggested that in respect of crop insurance, the recognised qualifications of surveyors and loss assessors may be expanded to include graduation with at least one subject being agricultural science from a recognised university.
HDFC Life partners with upGrad to launch a first-of-its-kind online life insurance course
This is a comprehensive 11-month post-graduation program which includes online learning, on-the-job training and internship experience. Post successful course completion, all learners secure a full-time job with HDFC Life
Global Insurance Brokers appoints Rajshekar Kalluri as its MD
With nearly 20 years of experience Kalluri has worked with large corporates like Fitch Ratings, Standard Chartered and ICICI Bank in the past,
PolicyBazaar aims to collect Rs 3,500 crore premium in FY19
Policybazaar.com has backing from a host of high-profile investors including Softbank, InfoEdge (Naukri. com), Inventus Capital, Tiger Global Management, Steadview Capital, Premji Invest, Temasek and Ribbit Capital.