Future Generali stake sale gets competition panel nod

Synopsis's 'Future Generali India Life Insurance Co. Ltd. : Company Profile and SWOT Analysis' contains in depth information and data about the company and its operations. The profile contains a company overview, business description, SWOT analysis, ...

Pantaloon Retail (PRIL) has announced yet another monetisation of its non-core asset. The company has announced a 51% stake sale in the general insurance segment for a consideration of Rs 5 billion. The company has signed a term sheet for the merger of Future ...

Kishore Biyani-led Pantaloon Retail on Friday announced the sale of 22.5% stake in Future Generali India Life Insurance (FGILI) to non-banking financial company Industrial Investment Trust Ltd for an estimated Rs. 300 crore. Pantaloon holds 50% stake in FGILI.

Dismantling of the third-party motor insurance pool, and prudent underwriting helped non-life insurance companies post higher profits for 2012-13. State-owned New India Assurance (NIA), the country's largest non-life insurance company, has seen its ...

The Reserve Bank of India (RBI) on Monday has allowed core investment companies (CICs) to set up a joint venture company for undertaking insurance business with risk participation, subject to safeguards. CICs hold their assets predominantly as stock ...

Health insurance, which used to be dominated by general insurance companies, is now drawing a lot of attention from life insurance firms as well. On an average, life insurers have two to three per cent of their business coming from health insurance ...

Dow Jones reported that L&T General Insurance Co. has agreed to buy the 50% stake owned by Pantaloon Retail India Ltd in an insurance venture with Italy's Assicurazioni Generali SpA for about $100 million. L&T General Insurance Co. is the ...

Insurance companies and Pension funds may not immediately be able to participate as trading members on the debt segment of exchanges. Their participation is likely to need a change in regulation, according to a senior official from the Securities ...

Though the 10 per cent ceiling on insurance companies' investment in reverse repo transactions in government securities (G-secs) has been removed, it could take them some time to raise exposure in such instruments. For, say insurers, there's ...