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SOMPO JAPAN
Universal Sompo General Insurance records 47% growth in TN under PMSBY schemeUniversal Sampo General Insurance is a joint venture between the public sector Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Inv...- 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.
- 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.
- 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.
- Universal Sompo seeks to extend ON Singh's tenure againON Singh is slated to become the non-executive chairman of the company as per its new management policy.
- 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 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 enters general insurance spaceUniversal Sompo General Insurance, a joint venture between Allahabad Bank, Sompo Japan Insurance Corporation, IOB, Karnataka Bank and Dabur...
- 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.
- IRDA nod for AllBank, other insurance plansInsurance Regulatory and Development Authority (IRDA) has given in-principle clearance to the proposals of Allahabad Bank and Sompo, Japan ...
- Non-life space gets new playerThe country’s booming non-life insurance segment witnessed the entry of a new player on Wednesday, with Universal Sompo General Insurance C...
- 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.
- AllBank-Sompo JV hangs fire pending curbsThe joint venture plan between the Allahabad Bank-led consortium and Sompo Japan Insurance for setting up a general insurance company is st...
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