Future Generali's proposed stake sale to IITL receives approval

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, ...

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 ...

Future Retail rose 0.68% to Rs 147.20 at 10:15 IST on BSE after the company said it has agreed to sell a stake in its general insurance business to L&T General Insurance Company. The announcement was made before trading hours today, 26 March 2013.

Pantaloon Retail (India) is trading higher by 2.3% at Rs 189 after the debt-ridden company said that it is planning to sell its 22.5% stake in Future Generali Life Insurance to Mumbai-based non-banking finance company Industrial Investment Trust Ltd (IITL).

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 ...

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 ...

iPMI Magazine Breaking News Prev Next CEGA has been appointed by specialist global insurer Hiscox to support its business travellers abroad with emergency medical assistance, evacuation and repatriation services. "Making sure our customers... 09 May ...

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 ...