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INSURANCE CONSORTIUM
Portugal launches first open-source AI model, joining Europe's sovereignty pushPortugal has unveiled its inaugural open-source artificial intelligence model, named Amalia, a significant step towards European AI soverei...- En route to D-Street: NSE files draft papers with SebiThe National Stock Exchange has filed its draft prospectus with Sebi, moving closer to its long-awaited Initial Public Offering. The IPO is...
- Health insurance company denies claim over father’s alleged alcohol history; son fights back and wins Rs 6 lakhA software engineer's father's health insurance claim was denied by HDFC ERGO due to an alleged alcohol history. The insurer repudiated the...
- London insurers launch $1 bn war cover for Hormuz shippingLondon shipping insurers are providing $1 billion in additional war coverage for vessels navigating the Strait of Hormuz. This move by a ma...
- Safecrop to gain control of Star HealthThe consortium will eventually acquire full shareholding from existing investors, said Jagannathan, who will stay on as Chairman and Managi...
- CCI clears acquisition of Star Health by Safecrop HoldingsThe consortium in August had signed definitive agreements with the shareholders of Star Health to purchase the shares of leading private in...
- Religare to exit Religare Health Insurance for Rs 1,040 croreThe company has entered into definitive agreements with a consortium of investors led by True North Managers, an India based private equity...
- Starwood gets unsolicited acquisition proposal from Chinese companies led consortiumStarwood had announced on November 16, 2015 that it had entered into a definitive merger agreement with Marriott International under which ...
- Air India’s insurance contract up for renewal on October 1 for an estimated $25 millionAir India’s current insurance policy, issued by New India Assurance, includes a $9.5-bn hull cover and a combined single liability of $1.5 ...
- Loss-wary GIC Re opts out of a role to insure London OlympicsGICRe has opted out of a role to insure the London Olympics after posting losses for the first time in its history last year.
- Air India gets fleet cover despite high claimsThe net cost of covering Air India's Rs 45,000 crore fleet as per ICICI Lombard's bid is around $30 million against $25 million in the prev...
- Mangalore air crash: Insurers may have to shell out Rs 400 crIndustry experts say that AI will make insurance claims of at least Rs 300 cr as damages and another Rs 100 cr for passenger and cargo comp...
- Mangalore air crash unlikely to hit Reliance-led insurersThe Reliance General Insurance Company-led consortium, which insured Air India's fleet including the Boeing 737 aircraft that crashed Satur...
- Finally, Srei-led consortium gets DPSCLIC and United India Insurance hold 30.61% and 11.36% in DPSC, respectively , while Andrew Yule hold 15.2%. The announcement came late on T...
- Srei-led consortium buys 57% in DPSC for Rs 172 crThe disinvestment of DPSC was finalised on Thursday.
- LIC, United India agree to sell DPSC stakes to Srei-led groupLife Insurance Corporation of India (LIC) and United India Insurance Company have given the green signal to the consortium led by Srei Infr...
- Air India brings in Reliance General for fleet insuranceAir India is believed to have roped in Reliance General Insurance, part of Anil Ambani group, as the insurer for its entire fleet.
- Reliance insurance bid for Air India unfair: NIACLNew India Assurance has accused NACIL of flouting the tender norms for about Rs 45,000-crore insurance cover for Air India's fleet to favou...
- LIC may join race to buy 26% in IFCIPNB has shown interest in IFCI. Also several foreign banks and private equity firms have approached IDBI to bid as a consortium for IFCI. E...
- Pvt cos get a pie of AI insuranceAI has managed to extract a 38.5% reduction in its fleet insurance bill by leveraging the intense competition.
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