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Insurance industry joins push to decarbonise global shippingDecarbonisation is the need of the hour and can be achieved by using alternative fuels or focusing on renewable energy sources.- Global insurers exit $8.9 trillion coal-based investmentsCoal exit policies were announced by 18 of the world’s biggest insurers controlling more than 46% of the reinsurance market and in excess o...
- Irda rejects Watsa's plan to buy Sudhir Valia’s ITI ReinsuranceRegulator says company’s licence stipulates 5-year lock-in during which its shares can’t be sold.
- Prem Watsa’s Digit Insurance acquires ITI ReinsuranceThe holding company Digit Info Works will hold 100% of the reinsurance company.
- Reinsurers may get to invest in overseas sovereign bondsThe Rs1.5-lakh-crore general insurance market has become attractive for foreign reinsurers.
- PolicyBazaar parent scouting for a buy in reinsurance spaceTwo persons aware of the development said that the company has earmarked about Rs 500 crore to finance buyouts and other strategic initiati...
- Moody's paints a rosy picture about non-life sectorThe global rating agency Moody s, in its report, has projected that GDP will grow at 6.7 per cent this fiscal year.
- Warren Buffett has set his eyes on this world-beating market in IndiaBuffett asked one of his top lieutenants, Ajit Jain, to oversee the reinsurer last year.
- IRDAI clears different licences to new playersIrdai in its board meeting held on March 3 has cleared different level of regulatory clearances to the new companies intending to enter cou...
- General insurers vote against change of rule in favour of foreign playersThe insurers fear that the new regulation – which gives foreign reinsurers the first right of refusal in obtaining business in India — woul...
- ITI Reinsurance gets final Irdai nod to begin operationsLast week, Irdai had granted R3 approvals to five global reinsurers to set up their branches in the country.
- Lloyd’s of London gets R1 license, to start operations in 2017The marketplace expects syndicates to slowly join their platform as the regulator has given first right of refusal to Indian reinsurer Gene...
- IRDA gives R1 nod to ITI for reinsurance businessThe reinsurance market in India is estimated to be $2billion. ITI Investment is a subsidiary of Fortune Financial Services, which is contro...
- 10 new players apply to Irdai to start operations in India"The regulator is currently processing applications of ten players consisting of insurers and re-insurers," IRDA member (Finance and Invest...
- After Llyod's, many other reinsurers keen to start operations in India"I welcome the news that India has a new insurance law. This is great news for Lloyd's as the new law allows us to operate in India," Lloyd...
- Insurance Law: Reinsurance companies can now open branches in IndiaEntry of reinsurance companies into the Indian market will bring in knowledge and expertise together with underwriting capacities.
- GIC Re plans to set up national catastrophe fundGIC Re has the expertise of managing the terrorism pool effectively and the same would be applied for supervising the proposed catastrophic...
- Berkshire Hathaway finally forays into India’s reinsurance businessBerkshire Hathaway has shed its India aversion & for the first time took up the role of a dominant reinsurer for 3 insurers.
- Reinsurance costs in India still lowEntry of new smaller companies in place of major of companies ensures low rates.
- Canada’s Manulife plans foray into India’s insurance spaceCanada’s Manulife Financial, the world’s sixth-largest insurer by market value, is preparing to enter India, a decade after the insurance s...
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