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New India’s net profit rises almost 6% to Rs372 crore in 3rd quarter

New India’s net profit rises almost 6% to Rs372 crore in 3rd quarter

by AIP Online Bureau | Jan 30, 2026 | Indian News, Non-Life, Reinsurance

Girija Subramanian, CMD,NIA said,“Our domestic gross direct premium growth significantly outpaced the industry average, resulting in our market share improving to 13.4 per cent, compared to 12.8 per cent in the corresponding previous year. While the incurred...
ICICI Lombard General Insurance net profit falls 9% to Rs 659 crore in Q3FY26

ICICI Lombard General Insurance net profit falls 9% to Rs 659 crore in Q3FY26

by AIP Online Bureau | Jan 13, 2026 | Health, Indian News, Non-Life

Combined ratio,— a key measure of underwriting profitability- of the company was at 104.5% in Q3 FY2026 compared to 102.7% in Q3 FY2025.Underwriting losses of the company more than doubled to Rs 353.78 crore in the reporting quarter from Rs152 crore in the year-ago...
ICICI Pru Life reports a 20% rise in its Q3 profit to Rs 390 crore

ICICI Pru Life reports a 20% rise in its Q3 profit to Rs 390 crore

by AIP Online Bureau | Jan 13, 2026 | Indian News, Life

`The recent ‘0% GST reform’ on individual policies has significantly aided growth of our retail protection segment. In Q3-FY2026, this segment registered a strong 40.8% year-on-year growth. Consequently, the retail sum assured, i.e., the total life cover...
Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders

Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders

by AIP Online Bureau | Jan 12, 2026 | Eco/Invest/Demography, International News, Reinsurance

Globally, private credit has grown into a $1.7 trillion market. Lending spreads have narrowed compared with 2023 due to intensifying competition, but for Sompo the debt remains attractive because spreads are still wider than other credit products. Tokyo:Sompo Holdings...
Swiss Re open to inorganic opportunities,says CEO Berger

Swiss Re open to inorganic opportunities,says CEO Berger

by AIP Online Bureau | Dec 6, 2025 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance

“We are open to inorganic opportunities,” Swiss Re CEO Andreas Berger told analysts at its investor day. “I’d like to keep some powder dry.” Zurich: Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that...
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