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Buffett eyes majority stake in PSU insurance company
Legendary investor Warren Buffett is keen on acquiring a majority stake in a state-owned general insurance company. The Berkshire Hathaway chief executive, who is scheduled to visit India next year, is going to take up the issue with the Union government, sources involved with planning his visit next March told Business Standard. At present, the rules do not allow the government to shed stake in the
Legendary investor Warren Buffett is keen on acquiring a majority stake in a state-owned general insurance company. The Berkshire Hathaway chief executive, who is scheduled to visit India next year, is going to take up the issue with the Union government, sources involved with planning his visit next March told Business Standard. At present, the rules do not allow the government to shed stake in the
New India eyes 20% rise in premium
The New India Assurance is hopeful that its premium income may grow at 20 per cent in the current financial year with rising contribution from all verticals of the company. The general insurance
Fire, marine covers to cost more
The premium on fire and marine transit insurance covers is expected to increase by 10-15 per cent following the recent incidents of fire in Bangalore, Kolkata and Delhi.
The premium on fire and marine transit insurance covers is expected to increase by 10-15 per cent following the recent incidents of fire in Bangalore, Kolkata and Delhi.
State-owned general insurers look to shape up
As part of a drive to curtail losses, the four public sector general insurance companies are going in for a makeover.
As part of a drive to curtail losses, the four public sector general insurance companies are going in for a makeover.
SBI General's imminent debut ruffles existing players
Likely to kick off operations in end-March or early April.
Likely to kick off operations in end-March or early April.
Public sector insurers to rationalise TPAs
The four public sector general insurance companies — New India Assurance, National, United India and Oriental Insurance — have decided to work with only a handful of third-party administrators
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