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General insurance News
Govt considers 2 for Irda life member The government has shortlisted K Sahay and S Roy Chowdhury for the post of member (life), Insurance Regulatory and Development Authority (Irda), a position vacant since G Prabhakaran retired on November 14. Sahay is the chief executive and managing director, Star Union Dai-ichi Life Insurance, while Roy Chowdhury is executive director (marketing) of Life Insurance Corporation (LIC) of India. Though
Chola MS crosses Rs. 1000 cr premium mark
Cholamandalam MS General Insurance Company (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group Japan on Monday said it has achieved a Gross Written premium (GWP) of Rs. 1000 crores during the first three quarters of the current financial year registering a growth of 40% over the same period of 2010-11.
Tendulkar gets Rs 100 cr cover for Bandra house
While cricket superstar Sachin Tendulkar awaits a ‘century of centuries’, his new five-storey bungalow in Bandra has already scored one. The “little master” has taken an
Global catastrophes hit GIC Re
Insurer set to take a hit of Rs 1,500 crore in claims, its highest ever; Japan alone accounts for over 60%.
Lanco Infra files Rs 200-cr claim for Anpara delay
Lanco Infratech Ltd has filed a claim of around Rs 200 crore under the ‘advanced loss of profit’ (ALOP) policy, the biggest claim from a corporate house in the current financial year.
Losses in non-life insurance a worry
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