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Reinsurance demand to rise in non-peak zones

Thu, 17 May 2012 07:16:02 +0000 -

Demand for reinsurance cover in non-peak zones is likely to increase as economic growth sends insured values soaring, Hannover Re’s chairman, Ulrich Wallin, told today’s Insurance Day Summit London.

Nuclear Power Corporation of India(NPCIL) to insure nuclear assets

Thu, 17 May 2012 07:14:13 +0000 -

Nuclear Power Corporation of India Ltd (NPCIL) has proposed to insure its nuclear assets, including the ‘nuclear island’ that holds core reactors.

IRDA suggests Life Insurance Council to prepare single insurance product

Thu, 17 May 2012 07:11:09 +0000 -

IRDA has asked the Life Insurance Council to design a single insurance product that will cover life, non-life and health.

IRDA chairman underlines that nobody should be refused an insurance but admits enforcement may be lacking

Thu, 17 May 2012 07:08:02 +0000 -

J Hari Narayan, chairman, IRDA (Insurance Regulatory and Development Authority), said no party should be refused an insurance policy and disability should not be a ground for rejecting insurance.

IFFCO-Tokio General Insurance appoints Yogesh Lohiya as the new Managing Director and CEO

Tue, 15 May 2012 13:33:26 +0000 -

IFFCO-Tokio General Insurance Company on 15th of May announced the appointment of Mr. Yogesh Lohiya as the new Managing Director and Chief Executive Officer (CEO). He will take over the office effective 16th May, 2012, succeeding Mr. S. Narayanan.

How to buy Property Insurance in India - Frequently Asked Questions

Mon, 07 May 2012 08:01:33 +0000 -

Want to know how to buy property insurance in India... Read here

SBI Life Insurance registers a record profit of Rs 556 crore in FY' 12

Tue, 15 May 2012 07:45:22 +0000 -

Private sector insurer, SBI Life Insurance has registered a record profit of Rs 556 crore during the fiscal year 2011-12, an increase of 52% over the last fiscal year. For the first time, since the inception in year 2001, the company proposes to declare 5% of dividend.

After New York Life, HSBC may exit the Life Insurance business in India

Tue, 15 May 2012 07:01:36 +0000 -

HSBC which holds 26% in Canara HSBC OBC Life Insurance Company is known to be in talks of exiting the business of life insurance in India. This is the first ever time HSBC has ventured into the life insurance space.

Future Generali India Insurance grows 53pc

Tue, 15 May 2012 07:16:13 +0000 -

Future Generali India Insurance Company Ltd, the general insurance joint venture between Future Group of India and Generali of Italy, has registered a 53pc growth of its gross written premium–significantly higher than the industry average, in the company’s fourth full year of operations ending 31st March 2012.

Lloyd's of London to promote its business growth in India

Tue, 15 May 2012 07:26:38 +0000 -

Lloyd's of London, Britain's 325 year-old insurance and reinsurance market has revealed its plan to promote business growth in emerging markets like India, China & Brazil.