Reliance General Insurance files for IPO
Reliance General Insurance on Monday filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI for making an initial public offering. Of the over 6.7 crore equity shares on…
HDFC ERGO General Insurance name change gets IRDAI approval
IRDAI has agreed to change of name of HDFC ERGO General Insurance Co Ltd following the merger of HDFC ERGO General Insurance Company Ltd with HDFC General Insurance Ltd. HDFC…
Reliance General gears up for IPO
Reliance General Insurance Company (RGIC) - is going publicsoon. The company filed draft papers with the Securities and Exchange Board of India for an initial public offer. The offer comprising…
GIC Re share issue is a shot in the dark for investors, but a good one
Anyone betting on India's growing insurance market would be a fool not to go a step ahead and bet on the reinsurance pie as well. That and the promise of…
Changes in Policy Wording will Lead to Simpler Products
Commercial Insurance cover will become more broad-based and simpler, due to the proposed changes in the policy wordings. The General Insurance Council, a representative body of general insurers, health insurers…
Positive response for ICICI Lombard IPO
As per Stock Exchange records, the ICICI Lombard IPO received bids for 18.35 crores shares against the nearly 6.17 crores shares on offer. The IPO is an offer-for-sale (OFS) of…
32% jump in premium of General Insurers
IRDAI data shows that India's general insurers realized a 32 % jump in premium collection at Rs. 11,931.01 crores in August 2017. The non-life insurers of the country had underwritten…
Insurance cover for insolvency professionals
ICICI Lombard, HDFC Ergo, New India Assurance and National Insurance are among the insurers planning a tailored insurance cover for insolvency professionals as the new breed of executives stare at…
GIC Re moves up in world reinsurance rankings
GIC Re moved 2 places up in the world reinsurance rankings following the implementation of the government's new crop cover scheme. With premium income growing 87% in FY17, the company…
National Insurance targets 15-16% growth
According to K Sanath Kumar, Chairman and Managing Director, NIC, plans are in action to increase the premium income by 15-16 % during the current fiscal primarily by scaling up…