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K SANATH KUMAR
National Insurance IPO gets Irda nodKolkata-based National Insurance will become the second state-run general insurer to list after New India Assurance.- NIC & ICICI Lombard face Rs 300-crore payout on fire at Haldiram’sThe fire destroyed a new manufacturing unit with modern machines in Noida’s Sector 68.
- Buy GIC Housing Finance, target Rs 655: Angel BrokingBuy GIC Housing Finance at a price target of Rs 655.
- Now, an insurance cover for insolvency professionalsThese decisions might involve transactions worth crores of rupees.
- National Insurance seeks government’s nod for IPOThe govt had approved dilution of up to 25% stake in the five companies in tranches.
- National Insurance to revalue its assets to shore up capital baseThe solvency margin is currently at 1.26 but with fair value and real estate factored in, it may exceed the norm. Kumar is looking to final...
- Experts see rise in motor insurance after passing of new vehicle actNational Insurance Co Chairman K Sanath Kumar said that about half of the vehicles run in India, especially two-wheelers, are not covered u...
- National Insurance’s solvency levels downThe Insurance Regulatory and Development Authority has prescribed that all insurance companies maintain 1.5 times surplus over liabilities ...
- National Insurance and New India Assurance keen on strategic saleNational Insurance and New India Assurance may first go for strategic stake sale to arrive at a valuation before their initial public offer...
- Big IPOs ahead! Valuation of PSU general insurers begins, New India listing soonThe government may sell about 10 per cent stake in the insurance firms, with the IPO of New India Assurance likely to be the first on the b...
- Third party motor insurance losses may fall below 100% with higher premium proposalK Sanath Kumar, the new chairman and managing director of Kolkata-based National Insurance, said that the impact of higher premium would be...
- Budget 2016: Government plans to list four public sector general insurance firmsInvestors who have been cold to some of the share offerings from the government stable, could find these insurers a novel business and may ...
- K Sanath Kumar takes over as acting chairman & MD GIC ReA K Roy, the former CMD retired from the post last month. Prior to GIC Re, Kumar was general manager & director, New India Assurance.
- Sanath Kumar named Director & GM of GIC ReThe post was lying vacant since Yugandhara Rao was transferred to South Africa by GIC Re to head its subsidiary there in June 2014.
- New India Assurance eyes 20% growth next yearThe country's largest general insurer is also hopeful of achieving its Rs 15,000-crore premium target this fiscal.
- 'Better pricing, reinsurance key to general insurance growth'Icra's recent report said the industry will need around Rs 17,500 cr of capital over the next 5 years if the industry grows at a CAGR of 15...
- General insurers may not see much losses from 'Phailin'Industry officials also point out that penetration of general insurance industry is poor among individual customers in these regions.
- General insurers may not see much losses from 'Phailin'General insurance industry is unlikely to see much losses arising from the cyclonic storm Phailin that hit the eastern coast last night.
- United India Insurance, TMB enter into agreementUnited India Insurance company Ltd and Tamilnad Mercantile Bank Ltd entered into an agreement to act as 'Bancassurance partners'.
- AP to dilute 49% in state finance corpThe state government is planning to dilute up to 49% equity stake in Andhra Pradesh State Financial Corporation (APSFC), a term lending ins...
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