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Hong Kong’s Peak Re receives license to open office in GIFT-IFSC
Peak Re, the fourth reinsurer to get a license, has a total global...
NCLT asks RCAP lenders to complete all procedural issues by Mar 12
An IIHL spokesperson said that IIHL voluntarily offered to release...
Swiss Re partners with dacadoo to offer platform to insurers of all sizes
The new combined solution also strengthens Swiss Re’s Personal Resilience Suite (PRS capabilities). PRS is a holistic, modular and innovative risk assessment approach, powered by Swiss Re's renowned underwriting manual Life Guide Zurich: Swiss Re and dacadoo today...
AEON Allianz Life Insurance deploys Munich Re’s tech solution
Yoichi Hayashi, Vice President at Munich Re Automation Solutions Japan, said, “Japan has long been a key priority market for us. As the world’s third largest economy, and with an average lifespan of 84 years, the life insurance market brings with it a unique and...
Swiss Re partners with NTUC Income to shield against future variation in Income’s annuity book
This partnership will help shield Income from future variations in its annuity book, by sharing with Swiss Re any future payments to annuitants who live beyond their age expectancy "In this instance, Swiss Re leveraged its global longevity reinsurance expertise,...
LIC gets market regulator nod for IPO
However, bankers advising LIC had pushed the government to defer the launch of the stock offering. IPO approvals are valid for a period of 12 months from the date of final observation by the Securities and Exchange Board of India. Mumbai: India's market regulator has...
Future Enterprises gets court nod for stake sale in Generali insurance venture
A Mumbai city court late last month put on hold Future's planned sale of its 25% stake in Future Generali India Insurance Company to Generali for 12.52 billion rupees ($162.82 million), after a legal challenge from some bondholders of Future companies that had...
Irda asks insurers to put details of health covers for transgender persons in public
Earlier, IRDAI had asked insurer to evolve a health insurance underwriting policy covering approach and aspects relating to offering health insurance coverage not only to standard lives but also to substandard lives Hyderabad: The insurance regulator IRDA has...
LIC IPO: Govt to take call in best interest of investors, DIPAM Secy
DIPAM Secretary Tuhin Kanta Pandey said that while the government's desire is to come out with the Initial Public Offer (IPO) of the state-owned life insurer in the current fiscal, it is a ''dynamic situation'. New Delhi: The government will take a call on the IPO of...
Govt to push LIC IPO to next fiscal amid market swings
Finance Minister Nirmala Sitharaman said this week she “wouldn’t mind” taking another look at the timing of the LIC offering, though ideally she’d like to go ahead with it. Even if it doesn’t pursue the share sale on the original timeline, the government is still...
LIC appoints Sunil Agrawal as its first CFO
Getting ready for a public listing, Life Insurance Corporation (LIC), with over Rs 38 trillion assets, has roped in Sunil Agrawal as its chief financial officer (CFO). Agrawal earlier had worked with Reliance Nippon Life Insurance in the same post for over 12 years....
Max Life incorporates pension fund subsidiary, to infuse Rs 55 cr
Max Life Insurance Company Ltd has incorporated a wholly-owned subsidiary Max Life Pension Fund Management Ltd and will infuse Rs 55 crore into the firm by subscribing to 5.5 crore shares. The wholly-owned subsidiary company of Max Life Insurance Company Ltd (Max...