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REINSURANCE LICENSES
HDFC Securities picks SBI Life, ICICI Lombard among top picks amid sweeping insurance law overhaul talksAs the government prepares to table a sweeping insurance reform Bill in Parliament, HDFC Securities flags SBI Life, ICICI Lombard, Niva Bup...- To become global reinsurance hub, GIFT City must offer global regularity clarityTo be sure, GIFT City already extends several benefits to reinsurers seeking to make this an operational hub. It offers no additional capit...
- Policybazaar shares jump 7% on IRDAI's license upgrade for PB Fintech's armThe insurance regulator upgraded the license of the company's wholly-owned subsidiary Policybazaar Insurance Brokers Private Limited to 'Co...
- Hot Stocks: Brokerage view on Paytm, Policy Bazaar, Cummins India and Quess CorpNuvama sees limited downside in Quess Corp and sees a strong value unlocking in the near future. There are high odds of medium-term upside....
- Policybazaar to enter reinsurance business with upgraded licencePB Fintech's subsidiary, Policybazaar Insurance Brokers, has received approval to enter the reinsurance business. It reported a net profit ...
- Discussions ongoing with IRDAI over license: Paytm“It is an ongoing discussion with the regulator. There have been some rumours that the license got rejected but there have been no official...
- Prem Watsa’s Digit Insurance acquires ITI ReinsuranceThe holding company Digit Info Works will hold 100% of the reinsurance company.
- Reinsurance regulations to be out by February end: IRDAI"The reinsurance regulations are coming by February end," Vijayan, who is retiring in the end of February, told reporters here at FICCI Ann...
- Insolvency professionals to get coverThe cover is aimed at ensuring that the insolvency professional (IP), who takes on the role of the firm’s CEO at the behest of lenders, can...
- 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.
- Swiss Re receives IRDAI approval to open branch in MumbaiWith the composite branch licence, Swiss Re will be able to operate in India and offer both non-life and life and health reinsurance soluti...
- 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...
- 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...
- Global reinsurer XL Catlin applies for licence in IndiaThe firm said an application has been filed with Insurance Regulatory Development Authority of India seeking to establish a reinsurance bra...
- Insurance cos can hire agents without IRDA license from April 1IRDA chairman TS Vijayan said the regulator also plans to make health insurance, so far considered as part of non-life sector, a standalone...
- Budget 2012: Waive service tax on health insurance schemes, says ICICI Lombard General InsuranceWe are hopeful that in this budget, the government will announce a few measures that would aid higher adoption of insurance products among ...
- Irda wants cap on cover for life insurance policiesSeparately, the regulator also said in its letter that insurers must make a clear distinction between group and individual policies.
- Irda wants cap on sum assured on life insurance policiesInsurance Regulatory and Development Authority (Irda) has proposed to set a maximum limit for sum assured on life insurance policies.
- L&T Infotech selected for IRDA IT project'Based on the detailed scrutiny, L & T Infotech has been formally selected as an Implementation Agency for Business Analytics Project.'
- Berkshire Hathaway opening bond insurance businessTown governments, school districts and other municipalities looking to borrow money got a new option when trying to insure their bonds: bil...
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