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Indian
Bajaj Allianz General net soars 33.2% to Rs 1,330 cr in FY21
The company said that Rs 237 crore of the Rs 1,330 crore net income is underwriting profit, the key measure of an insurance company. But for the fourth quarter, the same plunged to a mere Rs 6 crore from Rs 159 crore in last year. In FY20, the company had an underwriting loss of Rs 11 crore, he said.
Aaditya Thackeray suggests creating paediatric Covid care ward anticipating next wave
“Along with paediatric covid care centre, another aspect we are now focussed on is to create a network of creches for those parents who may have to be in covid care centres and may not have support to look after their children, that aren’t infected by covid,” he added. He further said that Mumbai saw a massive spike last month and sustained it because of the constant increase in beds and facilities.
75 lakh people lose jobs in April as lockdowns sprout; unemployment at a 4-month high: CMIE chief
SBI Life Q4 net profit nearly flat at Rs 532 cr
International
China’s insurance Regulator seizes control of Anbang as chairman prosecuted
Swiss Re’s net profit declines to USD 331 million in 2017, USD 4.7 billion of natural catastrophe losses
SCOR’s net income falls to EUR 286 mn in 2017, Gross premiums touch EUR 14,789 million, up 8.6 pc in 2017
Prem Watsa earns a net profit of $930 mn from stake sales in ICICI Lombard General
“The results improvement was driven by net after-tax gains in excess of $1.9 billion related to the reduction of Faifax shareholding in ICICI Lombard and the sale of its 97.7 percent equity interest in First Capital. The reduction of our shareholding in ICICI Lombard to about 10 percent resulted in a net after-tax gain of $930 million,” said Prem Watsa, CEO, Fairfax
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