Howden’s MEA businesses – including the UAE, Bahrain, Oman,...
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Marsh and Apollo design first-of-its kind insurance facility for Uber to accelerate autonomous ride-hailing
Autonomous Vehicle Insurance Program(AVIP) is underwritten by...
Modernising Indian Insurers: Technology route to transformation
Organisations that are moving towards modular systems and...
Hinduja group’ IIHL completes acquisition of Reliance Capital; mgmt transfer to take place on Wednesday
The journey for value creation would now begin, Ashok Hinduja said, adding that the value of the Reliance Capital business on a conservative basis would be Rs 20,000 crore. IIHL would complete the review of the entire RCAP business and take a call on the fund infusion...
Allianz exits 2 Bajaj insurance JVs by selling its 26 % for Rs 24,180 crore, to set up new Indian insurance companies
Allianz, which had invested just Rs 174 crore in both the JVs way back in 2001 , is expected to start new insurance new companies in India soon either by partnering with another Indian company or with full ownership after the government allows 100 per cent FDI in the...
Religare Enterprises seeks governance review, funding from Burman family
The objective is to review past operating practices, suggest improvements and to identify any potential instances of misconduct by certain current and/or former employees of Religare and its units, the company said in an exchange filing New Delhi: India's Religare...
IDRAI asks insurers to keep their offices opened during Mar 29-31 including Saturday & Sunday
The insurers have to give adequate publicity to the special arrangements made for the last 3 days of the month Hyderabad: Insurance regulator IRDAI has asked all the insurers to keep their offices open as per normal working hours on 29th(Saturday), 30th(Sunday) and...
GFIA urges Sithraman to reconsider rules imposing additional restrictions on insurers with foreign partners
Finance Minister Nirmala Sitharaman In the letter, GFIA noted that foreign insurers play a pivotal role in India’s insurance market since its liberalisation in 1999, with over two-thirds of Indian life and non-life insurers having foreign partners. However, several...
At least 33 dead as tornadoes ravage central US
"Numerous significant tornadoes, some of which may be long-track and potentially violent, should continue into this evening," the National Weather Service said At least 33 people were killed and dozens more injured Saturday when tornadoes and violent storms raked...
UK police charge Russian captain involved in U.S. tanker ship crash
The 59-year-old Vladimir Motin was captain of the Portuguese-flagged Solong that hit the Stena Immaculate tanker, carrying military jet fuel, at close to full speed on Monday. Initial concerns of an environmental disaster subsided as assessments showed the jet fuel...
India advancing with labour welfare, quality employment and social justice: Govt
Sumita Dawra, Secretary, Ministry of Labour and Employment and Gilbert F. Houngbo, Director General, International Labour Organisation(ILO) at ILO meet in Geneva The contribution of India’s flagship institutions and schemes such as EPFO (7.37 crore contributing...
American Airlines jet engine catches fire after landing in Denver, passengers evacuated
The engine fire is the latest in a series of high-profile aviation incidents that have raised questions about U.S. aviation safety, including the January 29 mid-air collision of an American Airlines regional jet and an Army helicopter that killed 67 people WASHINGTON:...
Baba Ramdev’s Patanjali Ayurved forays into general insurance, buys majority stake in Magma General Insurance
Patanjali Ayurved, along with other investors, have bought out the stake of Senoti Properties, a joint venture between businessman Adar Poonawalla and Rising Sun Holdings. Senoti Properties held a 74.5 per cent stake in Magma General Insurance and would...