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REINSURANCE BUSINESS INDIA
Sitharaman urges French firms to invest in India's AI, clean energy pushUnion Finance Minister Nirmala Sitharaman urged French businesses to boost investments in India, highlighting vast opportunities in AI, cle...- PB Fintech to inject Rs 20 crore into payments arm, expand Dubai presenceThe capital infusion will be made in one or more tranches through equity subscription and is aimed at supporting PB Pay's business expansio...
- Catch 'em before they fall: India's new climate safety netIndian cities face a dual threat of extreme heat and torrential monsoons, severely impacting informal workers. Traditional insurance and go...
- GIC shares dip 4% as Rs 3,088 crore OFS opens for retail investors. Should you participate?General Insurance Corporation of India shares saw a dip as the government initiated an Offer for Sale. Retail investors can now bid for a s...
- Retail players can skip GIC Re's OFS: AnalystsRetail investors are advised to skip the government's offer for sale in General Insurance Corp of India. Analysts point to ongoing profitab...
- Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...
- Commercial property insurer FM launches new insurance policy for manufacturers in IndiaThrough FM Essential, insurance company FM says it can support a broader group of manufacturing companies with their resilience journeys.
- Quote of the day by Ajit Jain: ‘Just because you don't find another Ajit…’ – inspiring lessons on leadership, teamwork and why strong companies grow beyond one person at Berkshire HathawayAjit Jain quote shows that strong companies do not depend on one person. Berkshire Hathaway can still grow even without him. His journey fr...
- Jio Financial shares jump 4% as firm inks 50:50 JV deal with Allianz for general, health insurance businessJio Financial Services shares jumped after it signed a binding agreement to form a 50:50 insurance joint venture with Allianz Group. The JV...
- India builds insurance shield for risky sea trade as global cover dries upIn response to the challenges posed by renewed hostilities affecting maritime trade, Indian public sector insurers have unveiled an innovat...
- Irdai keeps FY27 cession rate at 4%, backs GIC Re roleIrdai has maintained the mandatory 4% cession rate for FY27, directing general insurers to place this share with GIC Re. This decision aims...
- Corp insurance premiums fall up to 80% this seasonCorporate insurance premiums are falling sharply this renewal season. Property and commercial lines are witnessing steep declines. Intense ...
- Allianz Jio Reinsurance begins operationsAllianz Jio Reinsurance Ltd, a new venture by Jio Financial Services and Allianz Group, has begun operations in India. This partnership aim...
- Jio-Allianz, Fairfax-backed Valueattics Re set to shake up India’s Rs 50,000-cr reinsurance marketIndia's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture betw...
- Insurers plan digital payments platform for reinsurance businessAccording to an executive aware of the developments, a new company will be set up towards this end, where general insurance companies throu...
- Foreign reinsurers may be allowed to open satellite offices in GIFT cityPresently, foreign reinsurers which already have branches in India have to apply for a fresh licence in GIFT City, enjoying taxation benefi...
- 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.
- Global reinsurance companies rethink India entry plans"GIC Re being an Indian reinsurer should enjoy preference in the order of cessions by Indian insurers," IRDA said in the exposure draft.
- 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.
- New reinsurers in the Gulf turn up the heat on GICThe oil boom has resulted in billions of dollars flowing into reinsurance, creating new capacity in the Mid East, which will provide stiff ...
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