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INDIAN REINSURANCE MARKET
Quote of the day by Ajit Jain: ‘Just because you don't find another Ajit…’ – inspiring lessons on leadership, teamwork and why strong companies grow beyond one person at Berkshire HathawayAjit Jain quote shows that strong companies do not depend on one person. Berkshire Hathaway can still grow even without him. His journey fr...
Jio Financial shares jump 4% as firm inks 50:50 JV deal with Allianz for general, health insurance businessJio Financial Services shares jumped after it signed a binding agreement to form a 50:50 insurance joint venture with Allianz Group. The JV...
Allianz, Jio Financial Services ink 50:50 insurance JV to tap India’s growing marketJio Financial Services and Allianz Group are partnering to launch a new insurance venture in India. This 50:50 joint venture will offer gen...
Allianz Jio Reinsurance begins operationsAllianz Jio Reinsurance Ltd, a new venture by Jio Financial Services and Allianz Group, has begun operations in India. This partnership aim...
Jio-Allianz, Fairfax-backed Valueattics Re set to shake up India’s Rs 50,000-cr reinsurance marketIndia's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture betw...
IRDAI okays amendments to reinsurance normsIRDAI has simplified the format of the reinsurance program and brought in tandem the regulations for Indian insurers, Indian reinsurers, Fo...
Prem Watsa’s Digit Insurance acquires ITI ReinsuranceThe holding company Digit Info Works will hold 100% of the reinsurance company.
Lloyd’s starts Indian operations with MS Amlin as first syndicateMS Amlin is the first Lloyd’s insurer to join the reinsurance branch and their specialist underwriting team will offer a range of reinsuran...
Lloyd’s to apply for Indian reinsurance branchLloyd’s, the world’s specialist insurance and reinsurance market, today announced its intention to apply for a reinsurance branch based in ...
Reinsurer Swiss Re plans to enter IndiaSwiss Re is planning to set up shop in India after the country permitted foreign companies that cover the risk of insurers to open branches...
Insurance regulator should not over regulate reinsurance: Swiss ReThe insurance regulator should not over regulate reinsurance, in order to help grow the market, said Robert Burr Asia head for Life and Hea...
Rise in global reinsurance rates likely to pinch Indian insurers, may lead to increase in premium ratesGlobal reinsurance companies, hit by natural calamities will charge 15-20% higher for policies that come up for renewal on January 1.
- Reinsurance costs in India still low
Entry of new smaller companies in place of major of companies ensures low rates.
- Disasters down under may raise reinsurance premiums
Large reinsurers hit by natural calamities, want to factor that in their risk-profiling.
- Newcomers scramble in, give reinsurers run for premium
Firming up of reinsurance rates in India by regular players such as General Insurance Company (GIC), Munich Re and Swiss Re led to the entr...
- AIG's rating woes to shake up Indian reinsurance market
Indian non-life insurance companies are anxiously waiting to see the impact of AIG’s troubles on the ratings of its reinsurance arm.
- Reinsurance rates yet to feel subprime heat
But insurers may have to pay more for passing on risks if it gets worse.