CCI approves stake sale in Future Generali by Future Group

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 ...

In an interview with ET Now, YM Deosthalee, CMD, L&T Finance Holdings, shares his views on the buyout of Future Group's stake in Future Generali. Excerpts: ET Now: Today is the day when you have struck the deal to get into general insurance in a big ...

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.

A large chunk of insurance policies from private insurers lapsed because investors didn't pay their renewal premium, data from the IRDA's Handbook of Statistics reveal. The lapse ratio was as high as 51 per cent for Birla Sun Life Insurance, 49 per ...

May 10 (Bloomberg) -- European stock futures advanced, after the benchmark Stoxx Europe 600 Index yesterday extended its highest level since June 2008, and a report showed German exports advanced in March. U.S. index futures also gained, while Asian ...

Valuations of Indian life insurance companies have come off by as much as 20-30% in the last two years, according to industry sources. This is the reason most stake sale deals are delayed, they said. Life insurance business is undervalued due to ...

iPMI Magazine Breaking News Prev Next The Insurance Regulatory Authority (IRA) in Kenya has de-registered 11 insurance agents for failing to comply with licensing requirements. The IRA also banned two medical insurance providers... 15 May 2013 IPMI ...

R Shankar Raman CFO L&T While explaining contours of the deal, R Shankar Raman, L&T's chief financial officer said that though the company's subsidiary, L&T finance will pick up stake from Future Generali India Insurance Company, it is the parent ...

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 ...