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ICICI Lombard loses over $980 million in value on persistent earnings worries
A recent Indian Supreme Court ruling on motor accident...
Japan Post Insurance and SCOR sign MoU for ceding of Postal Life Insurance Policies
The MoU covers the cession of the underwriting risks under Japan...
InsuranceDekho taps banks for $400 million India IPO
The offer from Girnar Insurance Brokers Pvt., backed by Investcorp and BNP Paribas Cardif, could launch this year or early 2027, with a target to raise as much as $400 million, the people said, asking not to be identified because the information is private. Indian...
Health Insurance: Creating simple, adequate, and transparent solutions
Among young Indians, the study finds that financial awareness is no longer translating into protection. While over half of Gen Z respondents actively invest through mutual funds and SIPs, many continue to postpone purchasing personal health insurance, assuming...
Insutech Turtlemint Fintech Solutions to announce around Rs 900 crore IPO on Tuesday
It is expected to launch its IPO between June 19 and June 23, with the issue size estimated at Rs 2,000 crore, said sources Mumbai Mumbai based insurtech startup Turtlemint Fintech Solutions, connecting insurace advisors, customers and insurance company for offering...
Govt to sell up to 5% GIC Re stake tom at Rs 352 per equity share
The Secretary, Department of Investment and Public Asset Management, under Finance Ministry, wrote on its official X account, “Offer for Sale of equity in General Insurance Corporation of India (GIC) opens tomorrow for non-retail investors. Retail investors can bid on...
India’s Rs 42 lakh crore PMS industry at defining inflection point: SEBI
APMI Chairman Biharilal Deora said the PMS industry has emerged as an important component of India's wealth management landscape, driven by increasing investor awareness, rising demand for customised investment solutions and a supportive regulatory framework. New...
Hedge funds tap growing market for disaster risk
Now, some of the world’s biggest hedge funds and banks want to incorporate the expertise of catastrophe-risk professionals across a broader chunk of the finance sector, as the skills required to model natural disasters become increasingly relevant for asset values in...
NSE investor accounts cross 26 crore milestone as mobile trading and tier-2/3 cities drive participation
The growth is being driven by rapid digitisation and penetration beyond metros. Mobile trading platforms now account for more than a fifth of cash market turnover, while a simplified KYC framework has lowered entry barriers. Maharashtra leads with 4.4 crore accounts,...
JP Morgan, Aditya Birla Sun Life MF buy Go Digit shares worth Rs100 Crore
According to NSE block deal data, JP Morgan, through its affiliate JP Morgan (Taiwan) Eastern Technology Fund, and Aditya Birla Sun Life Mutual Fund purchased 33,33,500 shares, representing nearly a 0.4% stake in the Bengaluru-based insurer.The transaction marks a...
DFS launches Common Landing Portal for unclaimed financial assets
M. Nagaraju,Secretary, DFS The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds available across the...
Wealthy families cut dollar exposure, survey finds
"For the first time, we are feeling that family offices want to build up in Asia Pacific and, to a certain degree, also in Western Europe," UBS executive Benjamin Cavalli said. "That mainly affects family offices outside the United States, but we are also seeing...