general insurance

Reliance Capital to consider special dividend: Ambani


September 4th, 2012 - 3:12 pm ICT by IANS
Mumbai, Sep 4 (IANS) To mark 25 years of Reliance Capital, chairman Anil Ambani Tuesday said the board will consider a special dividend Sep 10 even as talks were on ... Read more...

Posted in Business |

Four executives held for illegal money transfers in Odisha


August 4th, 2012 - 12:53 pm ICT by IANS
Bhubaneswar, Aug 4 (IANS) Four senior officials of a private financial management company in Odisha have been arrested for their involvement in illegal money circulation in the state, police said ... Read more...

Posted in Uncategorized |

Non-life insurers log 17 percent growth in first quarter


July 12th, 2012 - 4:36 pm ICT by IANS
Chennai, July 12 (IANS) The 24 non-life insurance companies logged 17.96 percent business growth during the first quarter of the current fiscal, said industry sources."The industry closed the first quarter ... Read more...

Posted in Business |

Insurers to discuss revision in health, motor insurance


July 3rd, 2012 - 4:46 pm ICT by IANS
Chennai, July 3 (IANS) A key panel on the non-life insurance sector will be meeting in Hyderabad Wednesday to discuss the issue of an upward revision in health and motor ... Read more...

Posted in Business |

Non-life insurers post 18 percent growth in May 2012


June 28th, 2012 - 1:22 am ICT by IANS
Chennai, June 27 (IANS) The Indian non-life insurance sector logged an overall premium growth of 18.27 percent in May 2012 as compared to the same period of 2011, as ... Read more...

Posted in Business |

Magma to roll out housing finance, gold loan business FY13


April 27th, 2012 - 7:43 pm ICT by IANS
Kolkata, April 27 (IANS) Magma Fincorp will roll out housing finance and gold loan businesses this fiscal. The city-base non-banking finance company is also awaiting the insurance regulator's nod to ... Read more...

Posted in Business |

Federal Bank to open 100 branches in a single day


March 6th, 2012 - 8:32 pm ICT by IANS
Mumbai, March 6 (IANS) Kerala-based Federal Bank would expand its footprint opening 100 more branches on a single day, March 10, across India, taking the total branch network to 938, ... Read more...

Posted in Business |

Bharti AXA to infuse Rs.200 crore additional capital in 2012


March 5th, 2012 - 5:55 pm ICT by IANS
Kolkata, March 5 (IANS) Private sector insurer Bharti AXA General Insurance is looking at an additional Rs.200 crore capital infusion this calendar year to fund its expansion plans, a top ... Read more...

Posted in Business |

Chola MS targets Rs.1,350 crore premium by March-end


January 2nd, 2012 - 7:53 pm ICT by IANS
Chennai, Jan 2 (IANS) Cholamandalam MS General Insurance booked a total premium of more than Rs.1,000 crore in the first nine months of the current fiscal and hopes to achieve ... Read more...

Posted in Business |

RIL calls off acquisition of Bharti AXA


November 25th, 2011 - 8:43 pm ICT by IANS
Mumbai, Nov 25 (IANS) Mukesh Ambani led-Reliance Industries (RIL) Friday said it has called off the proposed acquisition of Bharti Group's 74 percent stake in Bharti AXA insurance companies.Bharti Enterprises, ... Read more...

Posted in Business |

Reliance Cap Q2 total income rises 19 percent


November 11th, 2011 - 7:18 pm ICT by IANS
New Delhi, Nov 11 (IANS) Financial services major Reliance Capital, part of the Reliance Group, Friday reported an increase of 19 percent in total income at Rs.1,546 crore for the ... Read more...

Posted in Business |

IPO norms to be out once valuation method is finalised: IRDA chief


September 15th, 2011 - 5:36 pm ICT by IANS
New Delhi, Sep 15 (IANS) Guidelines for allowing insurance companies to come out with initial public offerings will be out as soon as the regulator decides on the methodology to ... Read more...

Posted in Business |

Reliance Capital pact with Nippon in areas beyond insurance


September 1st, 2011 - 2:26 pm ICT by IANS
New Delhi, Sep 1 (IANS) Reliance Capital, part of the Anil Ambani-led Reliance Group, Thursday said it had signed an agreement with Japan's Nippon Life Insurance to pursue further partnerships ... Read more...

Posted in Business |

London riots to cost insurers 200 mn pounds


August 10th, 2011 - 7:02 pm ICT by IANS
London, Aug 10 (IANS) Insurance firms in Britain have said the riots in London may cost them around 200 million pounds.Thousands of home-owners and companies were expected to seek damages ... Read more...

Posted in World |

ICICI Lombard to hike diesel vehicles’ insurance premium


June 27th, 2011 - 10:12 pm ICT by IANS
Kolkata, June 27 (IANS) ICICI Lombard, a major private sector player in general insurance, will increase policy premium on diesel vehicles over petrol vehicles by up to 15 percent, a ... Read more...

Posted in Business |

Bharti to exit from financial services joint venture with AXA


June 10th, 2011 - 11:53 pm ICT by IANS
New Delhi, June 10 (IANS) Bharti Enterprises, a subsidiary of Bharti Group, Friday said it had decided to sell its entire stake in the life and general insurance subsidiary France's ... Read more...

Posted in Business |

Reliance Capital consolidated net profit rises 9 percent


May 30th, 2011 - 7:20 pm ICT by IANS
Mumbai, May 30 (IANS) Reliance Capital, the financial services flagship of the Anil Ambani Group Monday reported a 9 percent increase in consolidated net profit, before provisioning, to Rs.475 crore.The ... Read more...

Posted in Business |

Flexibility needed to fill vacancies at insurance regulator: Expert


May 30th, 2011 - 3:39 pm ICT by IANS
Chennai, May 30 (IANS) The Insurance Regulatory and Development Authority (IRDA) may not face problems in filling up vacancies when two of its top actuaries retire next month if the ... Read more...

Posted in Business |

Reliance Capital net profit up 68 percent


February 12th, 2011 - 7:58 pm ICT by IANS
oMumbai, Feb 12 (IANS) Reliance Capital Saturday reported a total income of $305 million for the quarter ended Dec 10 and said its consolidated net profit, at $24 million, was up 68 ... Read more...

Posted in Business |

Shriram group to divest 20 percent in Shriram Capital to Sanlam


January 12th, 2011 - 4:49 pm ICT by IANS
Chennai, Jan 12 (IANS) The city-based Shriram group plans to divest around 20 percent in its financial services business holding company, Shriram Capital, for around Rs.900 crore ($200 million) in favour of ... Read more...

Posted in Business |

Chola MS targets Rs.2,000 crore premium by 2013-14


December 29th, 2010 - 11:28 pm ICT by IANS
Kolkata, Dec 29 (IANS) Chola MS General Insurance is eyeing a premium of Rs.2,000 crore and a profit of Rs.100 crore by the end of the 2013-14 fiscal, a top official said ... Read more...

Posted in Business |

Merger norms for general insurance firms in a week


December 11th, 2010 - 8:01 pm ICT by IANS
Chennai, Dec 11 (IANS) A decision on the merger proposal of Royal Sundaram Alliance with Reliance General Insurance is likely soon with the industry watchdog set to announce its new norms on ... Read more...

Posted in Business |

Axa Assistance expanding service portfolio in India


November 19th, 2010 - 9:41 pm ICT by IANS
Chennai, Nov 19 (IANS) Assistance services company Axa Assistance India is hoping to tie up with public sector non-life insurers to act as their healthcare claims processing agency even as it is ... Read more...

Posted in Business |

Reliance Capital reports strong growth in core businesses (Second Lead)


November 13th, 2010 - 7:49 pm ICT by IANS
Mumbai, Nov 13 (IANS) Reliance Capital, the financial services arm of the Anil Ambani Group, Saturday reported a 51 percent jump in earnings from major operating businesses for the quarter ended Sep ... Read more...

Posted in Business |

Reliance Capital reports 51 percent jump in earnings (Lead)


November 13th, 2010 - 7:19 pm ICT by IANS
Mumbai, Nov 13 (IANS) Reliance Capital, the financial services arm of Anil Ambani Group, Saturday reported a 51 percent jump in earnings from major operating businesses for the quarter ended Sep 30 ... Read more...

Posted in Business |

Reliance Capital net profit dips 28 percent


November 13th, 2010 - 6:30 pm ICT by IANS
Mumbai, Nov 13 (IANS) Reliance Capital, the financial services arm of the Anil Dhirubhai Ambani Group (ADAG), Saturday reported a 28 percent decrease in net profit for the quarter ended Sep 30 ... Read more...

Posted in Business |

IRDA adopts tough standards for approving new ULIPs


August 25th, 2010 - 7:00 pm ICT by IANS
Chennai, Aug 25 (IANS) The Insurance Regulatory and Development Authority (IRDA) is going through the new unit-linked insurance plans (ULIPs) filed for approval with a fine comb so that it is not ... Read more...

Posted in Business |

Reliance Capital Q1 profit dips 49 percent


August 9th, 2010 - 8:21 pm ICT by IANS
Mumbai, Aug 9 (IANS) Anil Ambani-led Reliance Capital said Monday its first quarter profit dipped 49 percent mainly because of Rs.39 crore loss in its insurance business and lower capital gains. The ... Read more...

Posted in Business |

IRDA is micro managing life insurers: Experts


July 19th, 2010 - 2:41 pm ICT by IANS
By Venkatachari Jagannathan Chennai, July 19 (IANS) The Insurance Regulatory and Development Authority (IRDA) seems to be trying to micro-manage the sector with its proposed measures on hiking the policy persistency (policy continuity/renewal) ... Read more...

Posted in Business |

Sell more policies for better renewal ratio: Insurance regulator


July 17th, 2010 - 10:52 pm ICT by IANS
Chennai, July 17 (IANS) In order to increase the persistency or continuity of life insurance policies by policyholders, the Insurance Regulatory and Development Authority (IRDA) has suggested agents sell more policies per ... Read more...

Posted in Business |

‘Withdrawal of cashless health treatment retrograde’


July 10th, 2010 - 7:52 pm ICT by IANS
New Delhi/Chennai, July 10 (IANS) Policyholders and corporates subscribing to medical cover are appalled by a move by state-run insurance firms to withdraw cashless facility for treatment, even as several hospitals have ... Read more...

Posted in Business |

Government-owned insurers hog limelight in April


May 25th, 2010 - 8:48 pm ICT by IANS
Chennai, May 25 (IANS) Indian government-owned insurers -- life and general -- logged positive growth in April and stood ahead of the respective private sector clubs, data released by the industry watchdog ... Read more...

Posted in Business |

Chola MS gets Rs.50 crore as additional capital


February 5th, 2010 - 7:47 pm ICT by IANS
Chennai, Feb 5 (IANS) City-based non-life insurer Cholamandalam MS General Insurance (Chola MS) has got a fresh capital infusion of Rs.50 crore. "We have got an additional capital of Rs.50 crore," managing director ... Read more...

Posted in Business |

Chola MS targets Rs.800 crore premium


February 4th, 2010 - 8:58 pm ICT by IANS
Chennai, Feb 4 (IANS) City-based private non-life insurer Cholamandalam MS General Insurance (Chola MS) is hoping to close this fiscal with a premium income of Rs.800 crore as against Rs.685 crore earned ... Read more...

Posted in Business |

Bharti Axa to offer innovative motor policy


December 14th, 2009 - 2:38 pm ICT by IANS
Chennai, Dec 14 (IANS) Private non-life insurer Bharti Axa General Insurance Monday said it plans to offer an innovative car insurance policy under which customers will be paid the invoice value/cost of ... Read more...

Posted in Business |

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