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IRDAI seeks proposal from LIC on stake reduction in IDBI Bank

by AIP Online Bureau | Mar 11, 2019 | Banking & Bancassurance, Indian News, Life, Regulation

New Delhi:: Insurance Regulatory and Development Authority of India (IRDAI) stipulates that insurers are allowed to hold only up to 15 per cent stake in any listed entity. But LIC, with a special dispensation from IRDAI, holds more than the limit in some state-run...

Hannover Re announces the launch of insurtech initiative

by AIP Online Bureau | Mar 11, 2019 | International News, Reinsurance, Technology

  Hannover: Hannover Re announces the launch of hr | equarium – an innovation pool exclusive to Hannover Re’s global network of insurance clients which facilitates connections with innovative insurtech partners.     The online platform...

Standard Life to sell 4.93% stake in HDFC Life for Rs 3,500 crore

by AIP Online Bureau | Mar 11, 2019 | Indian News, Life

  Mumbai: Standard Life Mauritius Holdings, the joint venture partner in HDFC Life Insurance, is planning to sell 4.93 per cent stake, or 99.5 million shares, in the life insurance firm at a floor price of Rs 357.50 per equity share.   This is supposed to...

Chinese carriers, Ethiopian Airlines suspend use of Boeing 737 MAX 8 aircraft after crash

by AIP Online Bureau | Mar 11, 2019 | International News, Non-Life, Risk Management

BEIJING/SHANGHAI/Mumbai China’s aviation regulator on Monday grounded nearly 100 Boeing Co 737 MAX 8 aircraft operated by its airlines, more than a quarter of the global fleet of the jets, after a deadly crash of one of the planes in Ethiopia.   An...

AIC chief TL Alamelu appointed as member,non-life,IRDAI

by AIP Online Bureau | Mar 10, 2019 | Indian News, Non-Life

  New Delhi: The center on Sunday, when the Election Commission(EC) announced the schedules for the general election in the country, appointed Alamelu T Lakshmanachari, 58,chairman-cum-managing director, Agriculture Insurance Company(AIC) as a Member...
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