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SC revises compensation to over Rs 60 lakh from Rs 32.46 lakh for accident victim kin
“The aspirations of the young man were shattered by the accident...
Tribunal awards Rs 16.7 lakh compensation to couple injured in road accident
The tribunal, however, stated, "The claimant is a government...
Swiss Re structures Blackstone’s first indemnity catastrophe bond
The transaction is Blackstone's first indemnity catastrophe bond and covers named storms and earthquakes in the United States and Canada New York: Swiss Re Capital Markets has successfully structured and placed the issuance of USD 250 million of insurance-linked...
Reliance’s financial unit valued at $21 bn, to venture into life and general insurance soon
The group aspires to foray into non-lending financial businesses like life/ general insurance and AMC where it can even take the inorganic route and benefit from recent regulatory change that allows banks to have up to nine insurance partners. Mumbai: Jio Financial...
Himachal rains: Economic losses of Rs 4808.79 crore, Death toll reaches 130
As many as 13 people died, including one rescuer, after the landslide occurred at Irshalwadi village in Khalapur tehsil in Maharashtra's Raigad district, police said Shimla/Mumbai: With five new deaths on Wednesday, the death toll in Himachal Pradesh due to rains,...
No `Insurance Bill 2023′ in Parliament’s monsoon session
In this packed Parliament's Monsoon session, the Union government is likely to discuss a total of 31 bills, but ``Insurance Bill 2023’ for which the government has earlier sought approval of the Union Cabinet, is not included in the list New Delhi: The Insurance Bill...
Ukraine hopes grain exports to continue from key ports
“The main task for Ukraine now is to get the support of Turkey,” said Dmitry Skornyakov, chief executive officer of HarvEast Holding. He suggested that military escorts from Turkey could be used for ships entering and leaving Ukraine’s ports Ukraine is pushing for...
Bain Capital raises $1.15 bln for first fund dedicated to insurance investments
Matt Popoli, global head of Bain Capital Insurance, told Reuters that the new capital pool, Bain Capital Insurance Fund, would give his 20-strong team the ammunition to back middle-market insurance firms overlooked by others Focused on North America and Europe, the...
HDFC Bank to focus on bundled products for its customers: CEO
''Savings accounts, personal loans, insurance cover, SIPs can all be bundled along with a home loan to create a compelling value proposition to the customer, that probably does not exist in the market at the scale at which this is envisaged,'' said HDFC Bank managing...
Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital
Post the capital infusion by RCAP, Reliance General Insurance will also raise an additional Rs 400 crore Tier 2 capital to accelerate growth, sources said The company had said that borderline solvency was creating business hesitation in corporate clients, government...
Govt appoints N Ramaswamy as GIC Re CMD, Rajeswari Singh to head NIC
(Lto R) Narayanan Ramaswamy, CMD-designate, GIC Re and Rajeswari Singh,CMD-designate, National Insurance Company Ramaswamy will get exactly a two-year term till Sept, 2025,while Singh, who started her career in the crop cell of General Insurance Corporation in 1987,...
All new tourist vehicles in Goa to be EVs from Jan 2024: CM Sawant
Chief Minister Pramod Sawant said new vehicles purchased by the government from January 2024 will mandatorily be EVs As per a recent study, 40 per cent of the total carbon emission generated in Goa is due to the operation of vehicles, he said. Panaji: All new tourist...