by AIP Online Bureau | Dec 14, 2025 | Eco/Invest/Demography, Indian News, Non-Life
Any possibility of three companies- NIC, OIC and UII – getting merged with New India Assurance(NIA), the country’s largest general insurance company, is ruled out as latter has opposed it tooth and nail New Delhi: Beginning its home work on the issue of...
by AIP Online Bureau | Nov 23, 2025 | Indian News, Non-Life, Policy, Regulation
To facilitate the entry of new players from overseas to cater to the demand for insurance and increase penetration, the government has lined up a bill seeking to increase the FDI limit to 100 per cent from the existing 74 per cent in the insurance sector in the...
by AIP Online Bureau | Aug 27, 2025 | Breaking News!, Eco/Invest/Demography, International News, Non-Life, Reinsurance
James Shea, CEO of Sompo P&C, said “Strategic acquisitions have been a key part of our growth plan to build a robust and diversified global P&C platform, and Aspen represents an excellent opportunity at the right time in the market cycle. We look forward to...
by AIP Online Bureau | May 14, 2025 | Health, Indian News, Intermediaries, Regulation
Nayan Shah, managing director, Paramount TPA said, “The IRDAI has granted in-principle approval to both the parties to process with transaction. There will be no impact on day- to- day operation and servicing. All operation, team service , structure , system and...
by AIP Online Bureau | Jun 28, 2023 | Indian News, Life, Regulation
In April, the Reserve Bank allowed HDFC Bank or HDFC to increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent before the effective date of the merger Mumbai: Mortgage financier HDFC Ltd on Tuesday picked up...
