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Govt shortlists 5 GMs for selecting a CMD of United India Insurance

Govt shortlists 5 GMs for selecting a CMD of United India Insurance

by AIP Online Bureau | Feb 29, 2024 | Indian News, Non-Life, Policy

The new head office of Chennai based United India Insurance, which was inaugurated by Union Finance minister Nirmala Sitharaman, virtually, on Friday The DFS now has prepared a new list of five general managers(GMs)- BS Rahul, Agriculture Insurance...
New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

New India’s net profit at Rs 713 crore in Q3FY24 despite large Nat Cat losses

by AIP Online Bureau | Feb 9, 2024 | Health, Indian News, Non-Life, Reinsurance

“FY24 continues to be a challenging year for the company. In the third quarter, the country witnessed catastrophic events like cyclone Michaung and floods in South India, Sikkim West Bengal. The net impact of these events on the company’s third-quarter...
Govt shortlists 5 GMs for selecting CMDs of New India and United India

Govt shortlists 5 GMs for selecting CMDs of New India and United India

by AIP Online Bureau | Jan 2, 2024 | Indian News, Non-Life, Policy

The five GMs are –BS Rahul, Agriculture Insurance Company(AIC),  Sunita Gupta, Oriental insurance Company(OIC), Hitesh Joshi along with two of his other colleagues V Balkrishna and his spouse Jayshree Bala from GIC Re Rahul will only be considered for UII and NIA...

PSU insurers’ shares see sudden spurt on Friday

by AIP Online Bureau | Nov 24, 2023 | Indian News, Life, Non-Life, Reinsurance

After lying low in recent years, on Friday GIC Re’s share price has risen by 15 per cent to Rs 304.45 while NIA’s scrip has gone up by 20 per cent to Rs 209. LIC’s share gained 10 per cent and closed at a monthly high of Rs 678 on Friday Mumbai:...
New India Assurance incurs losses of Rs192 crore in Q2 due to large CAT events

New India Assurance incurs losses of Rs192 crore in Q2 due to large CAT events

by AIP Online Bureau | Nov 8, 2023 | Indian News, Non-Life

` Q2FY24 was one of the most challenging quarters for the company in recent times. The company suffered catastrophic losses on account of floods amounting to net of Rs 301 crore  during the quarter. While a confluence of multiple events affected the results for...
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