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Oriental Insurance puts Dubai operations under run off

Oriental Insurance puts Dubai operations under run off

by AIP Online Bureau | Aug 1, 2025 | Indian News, Non-Life, Regulation

“The OIC board has approved the decision and we have written to the Central Bank of the UAE that our Dubai office will be placed under run off operations with effective from midnight of 7th August. We will honour all our liabilities and commitments to all our...
Oriental Insurance H1 losses fall sharply to Rs41 crore from Rs3,587 crore, may turn profitable in FY23-24: RR Singh

Oriental Insurance H1 losses fall sharply to Rs41 crore from Rs3,587 crore, may turn profitable in FY23-24: RR Singh

by AIP Online Bureau | Nov 12, 2023 | Indian News, Non-Life, Policy

RR Singh, CMD, Oriental Insurance Company, admitted that the company aims to be profitable in FY 24 despite having many of the complex financial problems like lack of capital and required solvency New Delhi/Mumbai: After years of heavy losses and despite having severe...

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