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FSIB selects 5 EDs for PSU general insurance cos

by AIP Online Bureau | Oct 24, 2024 | Indian News, Non-Life, Policy

Ayyappan Chakravarty Seshadri, general manager, New India Assurance(NIA) has been kept as a standby candidate for the ED post at Agriculture Insurance Company(AIC) in case Lavanya Mundayur, who has already been recommended for the post CMD of the company(AIC),...

PSU general insurance industry turns profitable with a combined profit of Rs 7558 crore in Fy 24

by AIP Online Bureau | Jul 23, 2024 | Indian News, Non-Life, Policy, Reinsurance

Ministry of Finance is yet to receive any proposals on wage revision of employees of six general insurers from the GIPSA, the coordinating agency for PSU general insurers,Pankaj Chaudhary, minister of state, Ministry of Finance said in Lok Sabha on Monday New Delhi:...

Wage negotiations for all PSU general insurers to begin soon

by AIP Online Bureau | Jun 27, 2024 | Indian News, Non-Life, Policy

GIPSA informed deputy central labour commissioner on Thursday that the performance of all PSU general insurance companies has improved and they were are awaiting DFS go ahead for calling unions for wage revision negotiation. In turn, deputy CLC advised the DFS and...
FSIB interviews for selecting a CMD for UII and 9 EDs for PSU general insurers to be completed on Mar 20-22

FSIB interviews for selecting a CMD for UII and 9 EDs for PSU general insurers to be completed on Mar 20-22

by AIP Online Bureau | Mar 13, 2024 | Indian News, Non-Life, Policy

The department of financial services(DFS), had prepared a list of five general managers(GMs)- BS Rahul, Agriculture Insurance Company(AIC), V Balkrishna and his spouse Jayshree Bala from GIC Re, Sunita Gupta and Rekha Solanki from Oriental Insurance Company(OIC)...
At Rs15 crore, GIC Re tops India Inc’s per employee profitability chart during FY 2022-23

At Rs15 crore, GIC Re tops India Inc’s per employee profitability chart during FY 2022-23

by AIP Online Bureau | Feb 4, 2024 | Indian News, Non-Life, Reinsurance

A dividend cheque of Rs.1083.60 crore for FY 2022-23 was handed over to Finance Minister Nirmala Sitharaman by N. Ramaswamy, CMD, GIC Re with M P Tangirala, additional secretary, Dept of Financial Services (extreme left), and, Hitesh Joshi, general manager, GIC Re...
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