Searched for
SOMPO HOLDINGS
Nikkei ends marginally higher as China COVID, global rate worries weigh"Financial markets are trying to find the balance between the room for further rate hikes versus the extent to which the U.S. and global ec...- Nikkei closes higher; Japan shares inch up as chip gains offset losses in cyclicalsThe Nikkei share average rose 0.19 per cent to close at 28,098.25, after losing as much as 0.80 per cent earlier in the session, while the ...
- Universal Sompo Q1 results: Net profit grows 165% to Rs 46 crore as gross premiums rise 17%The company said its loss ratio improved by 2.58% to 78% as compared with 80.58% in the year ago period, mainly due to improvements in heal...
- Indian Bank to rope in minority partner to revive Ind Bank HousingThe bank has three subsidiaries including Universal Sompo General Insurance and Ind Bank Merchant Banking Services.
- Allahabad Bank in talks with Sompo to sell its stake in insurance JVAllahabad Bank and Indian Bank will be merged from April as part of the mega merger exercise.
- Allahabad Bank looks to sell stake in Universal SompoAt present, Allahabad Bank holds 28.52% in the JV while overseas partner Sompo Japan is the largest shareholder with 34.61% interest.
- Allahabad Bank, IOB's stake sale in Universal Sompo General Insurance gathers paceThe general insurance firm is now busy working on a future business plan as a pre-requisite for valuation.
- Sompo Japan to buy 6% more in Universal Sompo from Karnataka Bank for Rs 125 croreSompo would buy the stake from Karnataka Bank, which holds 14.26% in the joint venture, Universal Sompo chairman O N Singh said.
- Universal Sompo’s rights issue: Promoter banks stay awaySompo holds 26 per cent in the general insurance joint venture.
- Universal Sompo General Insurance to raise Rs 100 crore via rights issueThe issue is priced at Rs 55 per shares, including face value of Rs 10.
- Allahabad Bank to sell its 30% stake in Sompo InsuranceBank’s CEO says the insurer may get listed after 2 years, a good time for them to exit.
- IRDAI asks Universal Sompo General Insurance's Japanese MD to step downSources in Universal Sompo said that the IRDAI directive might put the company’s day-to-day operation in bind in the absence of an MD.
- Allahabad Bank to hire a consultant for insurance JV adviceAllahabad Bank has decided to hire a consultant to advise it on its proposed stake sale in the insurance joint venture Universal Sompo Gene...
- Allahabad Bank may sell stake in insurance companyThe bank's board will meet on Friday to consider selling a part or all of its 30% stake in Universal Sompo General Insurance.
- Allahabad Bank may consider divesting stake in general insurance ventureThe finance ministry had earlier asked state-run banks to look at divesting their noncore assets in order to meet burgeoning capital requir...
- Universal Sompo raises Rs 200 crore equity from promotersUniversal Sompo General Insurance Company has completed raising Rs 200 crore of equity from its promoters on Friday, a senior official said.
- Allahabad Bank, Indian Overseas Bank & Sompo Japan Insurance to infuse Rs 200 cr in Universal SompoThe firm plans to grow business by nearly 50% next fiscal and aims to collect 600 crore as premium. It expects to close the current fiscal ...
- Universal Sompo gets IRDA nod for non-life forayUniversal Sompo General Insurance has received permission from the insurance regulator to enter the non-life business in India.
- Foreign allies can up stake in insurance JVs with PSBsForeign partners have been given the option by public sector banks to significantly raise their equity stake in their respective insurance ...
- Allahabad Bank insurance deal with Sompo on trackUncertainty over Sompo Japan Insurance’s participation in the Allahabad Bank-led general insurance consortium is now history.
Load More
