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AGEAS GROUP
Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...- Belgian insurer Ageas eyes India growth, explores acquisitions for expansionBelgium's Ageas Group is prioritizing India's growth, aiming to break into the top 10 insurers in both life and non-life segments. The comp...
- Stocks in news: Maruti, ONGC, IREDA, Federal Bank, TVS MotorFederal Bank to acquire 4% stake in Ageas Federal Life Insurance. The acquisition cost is around Rs 97.4 crore for 3.2 crore shares.
- Govt allows 100% FDI in insurance cos in a move that could attract more players, help increase penetrationThe Centre has increased the FDI limit in insurance to 100%, from 74%, attracting more capital and boosting the sector’s financial strength...
- European stocks kick off week on cautious note amid geopolitical tensionsEuropean shares inched up on Monday, with defence stocks among top gainers, as investors assessed the wider implications of escalating tens...
- You may have to pay 20-40% more for life cover next yearLife insurance premiums are set to increase in 2022 as large reinsurance companies are likely to raise charges that are likely to be passed...
- HSBC, Standard Chartered may face secondary shockwaves from Evergrande crisis: AnalystsEvergrande has left global investors guessing over whether it will make a key interest payment, adding to fears of big losses for bondholde...
- Axis Bank to become co-promoter of Max Life InsuranceThe private sector lender will also nominate three representatives to the board of Max Life Insurance post this development. The three repr...
- Stocks in the news: Antony Waste, IDBI Bank, JSPL, Canara Bank and RILIDBI Bank said it has sold 23 per cent stake in life insurance venture to foreign partner Ageas for Rs 507 crore.
- CCI clears Hitachi Payment's 26% stake buy in SBI Payment ServicesSBI and payments solution provider Hitachi Payment Services entered into an agreement in October to form a JV.
- Market Movers: Bid to boost FPI inflows; direct tax collections surge; US oil prices keep falling & moreA look at top macro triggers that may move market on Thursday.
- Ageas to acquire 40% stake in Royal SundaramCurrently Sundaram Finance Ltd holds 75.90% in Royal Sundaram and proposes to divest 25.90%, thereby retaining 50% of its holding, post the...
- Birla Group enters the fray to acquire IDBI Federal LifeThe sale process, which started over a year ago, has seen interest from several insurance companies and private equity funds.
- IDBI Federal Life buys office space for Rs 111 croreIt has acquired around 61,720 sq ft office space spread over two floors in the project 'Marathon Futurex'.
- Tokio Marine to hike stake in Edelweiss Life Insurance to 49%The company, which started operations in 2011, is a joint venture between Edelweiss Financial Services and Japan's Tokio Marine Holdings In...
- Europe's Ageas may hike stake in IDBI Federal Life to 49%The domestic partners -- IDBI Bank and Federal Bank-- are exploring the option of diluting their stake in the life insurance venture.
- IDBI Federal Life Insurance launches seven new plansIDBI Federal Life Insurance today launched a bouquet of individual products catering to various life stage needs of customers along with gr...
- IDBI Federal Life posts Rs 9.24 crore net profit in FY 13IDBI Federal Life Insurance has achieved a break-even in its fifth year of operation by posting a maiden net profit of Rs 9.24 cr in the la...
- IDBI Federal launches 'Termsurance' for senior citizensDBI Federal Life Insurance today launched its maiden online product, IDBI Federal Termsurance Seniors Insurance Plan.
- Ageas to buy UK's Kwik-Fit Insurance ServicesBelgian-based insurance group Ageas, formerly known as Fortis, is to buy Britain's Kwik-Fit Insurance Services for 215 million pounds ($325...
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