Cancellations in recent days to usually resilient aviation hubs...
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Supertankers cross Hormuz shipping strait after avoiding it in past 24 hours
Greece’s shipping ministry warned on Sunday that the country’s...
Warburg Pincus in talks with Premji Invest and SBI to sell its 10 % stake in SBI General
A transaction could value SBI General Insurance at as much as $4.5...
RiverStone’s landmark third-party reinsurance-to-close deal with MS Amlin, largest in Lloyd’s history
London: RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insurance business, has completed an agreement with MS Amlin Underwriting Limited to provide MS Amlin Syndicate 2001 (“MS Amlin”) with a Reinsurance-to-close...
ManipalCigna launches a specialized plan for seniors
A customer between 56 to 75, after meeting the underwriting eligibility, can buy the plans and if an existing customer pay premium annually even after reaching 75, the cover will continue for him/her till death The sum insured options range from Rs. 3 lacs to Rs 50...
Kotak Mahindra Bank plans minor stake sale in its general insurance arm
The process could draw potential strategic partners as well as financial investors Deliberations are at an early stage, details of a deal such as size and structure could change and the lender could decide not to go ahead with the stake sale, the people said. A...
Micro quakes preventing large-scale event in India but country prepared for any eventuality: Experts
According to the Ministry of Earth Sciences, 59 per cent of India's land mass is prone to earthquakes. Zone V is seismically the most active region, while Zone II is the least. Around 11 per cent of the country' area falls in Zone V, 18 per cent in Zone IV and 30 per...
Delhi Police to partner with Truecaller to help protect people from impersonators, cyber frauds
''This will help users identify verified numbers and protect them from frauds and scams relating to impersonation in the name of government officials. All verified numbers of Delhi Police will have a green badge and a blue tick mark, with a government service tag...
India committed to strengthen traditional medicine practice by bolstering evidence-based research: Sarbananda Sonowal
He added that the vision of the Prime Minister to build a robust healthcare system for the holistic patient care system remains solid as the Union Budget has considerably hiked the budget for the Ministry of Ayush by 20 per cent New Delhi: Union Ayush Minister...
4 PSU general insurers to implement organisational restructuring from Monday, Unions to protest
``As we enter the New Year, we are excited to announce the introduction of this new organisational design starting from 13th February on pilot basis,''said Suchita Gupta, CMD, National Insurance Company in a letter to the company's employees Similar letters have been...
Around 10 states, 5 UTs not implementing crop insurance scheme PMFBY: Tomar
Union Agriculture Minister Narendra Singh Tomar The ten states are: Arunachal Pradesh, Bihar, Gujarat, Jharkhand, Meghalaya, Mizoram, Nagaland, Punjab, Telangana and West Bengal, the minister said in a written reply to the Rajya Sabha Since inception of the scheme in...
UK to expedite insurance reforms, to release £100 billion of capital for investment
Officials could look to implement the Solvency II reforms in two stages, the Financial Times, which first reported the news, said. Insurers could be allowed to swap bonds they have to hold currently for assets such as green technology or housing at first, with other...
Mercedes-Benz faces more than 300,000 claims in UK over “defeat devices” to cheat emissions tests
The mass lawsuit follows the “dieselgate” scandal that engulfed Volkswagen after it admitted to cheating U.S. diesel engine tests, which has cost the carmaker more than 32 billion euros ($34 billion) in vehicle refits, fines and legal costs so far. Oliver Campbell,...