Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings "This...
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Sumit Madan appointed as MD&CEO of Axis Max Life Insurance
Sumit Madan, CDO and CEO designate, Axis Max Life Insurance Sumit...
Life insurers record 11 pc rise in new premium collection in April-May
The private sector life insurance industry, led by HDFC Life (with...
Analysis: China’s financial regulatory revamp raises hope, some concern over control
The watchdog, which will oversee all aspects of China’s $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say The new regulator will replace the banking and...
SBI Life declares interim dividend for its investors
SBI Life Insurance on Wednesday declared an interim dividend of Rs 2.5 per share for its investors for the financial year 2022-23. The declared interim dividend will be paid on or before April 6, 2023, to eligible shareholders. The record date is March 16, 2023. The...
More Indian women are buying life insurance policies: IRDAI Report
The number of life insurance policies issued to women in the year 2021-22 is around 1.01 crore which is 34.7 per cent of 2.91 crore total policies as against a share of 33 per cent in 2020-21 There is a need for life insurers to recognize the growing significance of...
LIC recoups losses as Adani Group shares rise
The value of LIC's shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday's closing price, it stands at Rs 39,068.34 crore, according to information available on the stock exchanges Mumbai: State-owned Life Insurance Corporation...
Pankaj Gupta appointed as as MD& CEO of Pramerica Life
Pramerica Life Insurance has appointed Pankaj Gupta as MD and CEO of the company . He succeeds Kalpana Sampat, who was the previous MD & CEO. Pankaj has around 27 years of experience in financial services across Distribution, Marketing, Operations and Technology...
RCap Resolution: NCLAT allows Reliance Capital lenders’ plea for another round of bidding
The appellate tribunal permitted the CoC to continue with the challenge mechanism and invite bids after two weeks The NCLAT order came on a petition filed by Vistra ITCL (India), one of the lenders of Anil Ambani-promoted Reliance Capital, challenging an order of NCLT...
‘More value to be discovered, NCLT has usurped the jurisdiction of the CoC’, RCap to NCLAT
Earlier this month, NCLAT had issued notices to Torrent Investments and other respondents on a petition filed by the lender of Reliance Capital seeking a second round of financial bids for the debt-ridden firm, currently going through insolvency resolution process The...
Sebi proposes to allow pension funds to participate as anchor investors in public issues
In its consultation paper, the regulator has proposed that rules should be amended to allow pension funds of entities which are associates of the lead managers, to participate as an anchor investor in a public issue Mumbai: Sebi on Wednesday proposed to allow pension...
Anil Wadhwani joins Prudential Plc as Chief Executive
Anil Wadhwani, chief executive, Prudential "I am thrilled to join the team at such an exciting time in the development of its Asian and African operations and am looking forward to meeting customers, colleagues, investors and key stakeholders."Anil Wadhwani , Chief...
Thai Life Insurance partners with Munich Re Automation underwriting solution
K.Denpong Jesadaviriya, EVP of Life Operations at Thai Life Insurance, added, “ With ALLFINANZ SPARK, we will be able to move faster in the market, gain access to Munich Re’s analytics services and, in the future, AI/predictive modelling capabilities. We really want...