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Chola MS records PBT of Rs. 347 crores, up 16.7 % in 2017-18
Subhas Khuntia, a retired top bureacrat,appointed as new IRDAI chairman
Ministry of finance sources pointed out while selecting Khuntia, the government has kept in mind its priorities for the insurance sector.With Khuntia’s appointment, government after gap of five years, when Vijayan was the chairman of IRDAI between 2013-18-has once again picked up a bureaucrats over the insurers.
Bringing eco-friendly vehicles in India an issue due to lack of policy: Honda
“We (Honda) have declared that two-thirds of our production by 2030 will be non-conventional, either hybrid or plug-in or electric or fuel cell. So in line with that we have all the technologies available,” Honda Cars India Ltd (HCIL) Senior VP and Director Marketing and Sales Rajesh Goel told here.
Reinsurers hike prms & tighten terms in Apr 1 renewals
` The GIC Re consolidated its leading market position in proportional property despite imposing tightened terms and reduced commissions. The foreign branches of global reinsurers remain largely passive or absent in this arena . Risk and event capacity purchased remained broadly stable with some instances of modest retention uplift.’’ Will Re
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