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Generali hikes stake in Indian insurance JV to 49% from 25.5%
Through this transaction, Generali has committed up to approximately €120 million ($137.3 million) to its Indian joint ventures: Future Generali India Life Insurance Co. Ltd.; Future Generali India Insurance Co. Ltd., which writes non-life insurance, and the newly established distribution joint venture FG&G Distribution Private Ltd.“The new Generali strategy is focusing on high potential insurance markets. India will play a significant role in our expansion plan in Asia,” commented Jaime Anchustegui Melgarejo, CEO International, Generali.
BBB to interview 8 sr LIC officials on Jan 4 to select a new chairman and two MDs
The senior officials, who have been called for the interview, with over two years of residual services and in order of seniority, are- K. Ganesh, Executive Director(ED), Customer Relationship Management(CRM(, M R Kumar Zonal Manager(ZM), Delhi, Vipin Anand ZM, Mumbai, TC Suseelkumar, ZM, Hyderabad, MK Gupta ED, Personnel. Raj Kumar CEO, LIC Mtual Fund , HS Sasikumar, ZM,Bhopal, and S Nallakuttalam.
In the last 15 years, the government has followed the principle of seniority while appointing the chairman of the corporation
All vehicles to come fitted with tamper-proof number plates from April 1
Interview to select a new Irda member(non-life) on Jan 10, 2 CMDs are in the race
Among those who have applied are AV Girija Kumar, CMD, Oriental Insurance Company(OIC), TL Alamelu, CMD, Agriculture Insurance Company,,Siddarth Pradhan, director & general manager, National Insurance Company(NIC), John Pulliantham, general manager & director, NIC, C Narambunathan, director & general manager, New India Assurance SN Rajeswari, general manager, NIA,George E Thomas, professor Insurance Institute of India…
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