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New York Life last month exited its decade-long life insurance partnership with Max India by selling its 26 per cent stake to Mitsui Sumitomo for Rs 2,731 crore. Investors in quite a few other life insurance companies are also looking to sell their stake. That’s because the business case for the country’s 23 private life insurers doesn’t look very good. Twelve years after the sector
New York Life last month exited its decade-long life insurance partnership with Max India by selling its 26 per cent stake to Mitsui Sumitomo for Rs 2,731 crore. Investors in quite a few other life insurance companies are also looking to sell their stake. That’s because the business case for the country’s 23 private life insurers doesn’t look very good. Twelve years after the sector
Leading insurer pays $109M for dog bite claims
Dog bites man does not get a lot of attention in the news, but it costs insurance companies hundreds of millions in claims every year.
Dog bites man does not get a lot of attention in the news, but it costs insurance companies hundreds of millions in claims every year.
Asia stocks fall amid political turmoil in Greece
Asian stocks dived Wednesday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, keeping Europe's debt crisis center stage.
Asian stocks dived Wednesday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, keeping Europe's debt crisis center stage.
Macquarie, UOB place bids for ING Asia arm
Macquarie Group, US-based Principal Financial Group and Singapore's United Overseas Bank are among suitors that have submitted bids for ING's Asian asset management business in a deal that may be
Irda suggests an 'everything product' for villagers
In a bid to make insurance a significant part of the ongoing financial inclusion initiatives in rural areas, the Insurance Regulatory and Development Authority (Irda) has come up with the concept
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