Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Lloyd’s Begins Operating in India with MS Amlin as 1st Underwriter
Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India...
India’s Bank of Baroda Eyes Sale of Insurer, Asset Management Stakes
Mar 22 2017 // Bank of Baroda, India’s third-largest state-run bank by assets, is considering a sale of some of the minority stakes it holds in its insurance and asset-management ventures, according to people familiar with the...
RMS Launches Agricultural Risk Models for India and China
Mar 15 2017 // RMS, the Newark, Calif.-based catastrophe risk management firm, has added agricultural risk models for India and China to its line of emerging risks models, and plans to expand coverage across Asia-Pacific and the...
XL Catlin Opens Shared Services Office in Gurgaon, India
Feb 13 2017 // XL Catlin has opened a shared services office, covering three floors at DLF World Tech Park in Gurgaon, India. The new office will provide “vital underwriting support, claims administration, actuarial services,...
Uber & Ola Drivers’ Strike Paralyzes Ride Hailing Services in India’s Capital
Feb 13 2017 // A strike led by drivers’ unions in the Indian capital demanding better pay from Uber and Ola has paralyzed the ride-hailing services that have grabbed business from traditional taxi and rickshaw operators with their...
Swiss Re to Open a Reinsurance Branch in India
Jan 23 2017 // Swiss Re has received the approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in Mumbai. With the composite branch license, Swiss Re will be able to operate in India and offer...
XL Catlin Gets Approval to Open Reinsurance Branch in India
Jan 23 2017 // XL Catlin’s reinsurance business group that it has received final approval from the Insurance Regulatory Development Authority of India to open an onshore reinsurance branch office of XL Insurance Company SE. The...
Fairfax in Talks to Sell 25% of India’s ICICI Lombard, Worth Up to $1B
Jan 20 2017 // Fairfax Financial Holdings is in early talks to sell 25 percent of India’s largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a...
Lloyd’s to Open India Branch Ahead of April Renewals
Jan 20 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced plans to open a reinsurance branch in India, in time for the April major reinsurance renewals, following final regulatory approval from the...
India to Open High-Tech Financial Hub for Banks, Insurers
Jan 10 2017 // Prime Minister Narendra Modi is set to inaugurate an international exchange in Gujarat state’s new finance zone, seeking to grab some of India’s $48 billion in offshore banking activities from Singapore, Dubai...
Canada’s Fairfax Gets Approval to Buy 51% of India’s Catholic Syrian Bank
Dec 30 2016 // Value investor Prem Watsa’s Fairfax Financial Holdings Ltd. won regulatory approval to buy 51 percent of Catholic Syrian Bank Ltd., marking the first time India’s central bank is allowing a foreign investor to...
Hannover Re Receives License to Launch Branch in India
Dec 28 2016 // Hannover Re received approval, known as R3 authorization, to establish a branch in India from the Insurance Regulatory and Development Authority of India (IRDAI). The opening up of the Indian market to foreign reinsurers...
SCOR Authorized to Open India Branch Office to Write Life, P/C Reinsurance
Dec 28 2016 // The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR “R3 authorization,” allowing the group to open a composite branch office in India to conduct life and P/C reinsurance...
Emerging Risks/Markets Offer New Opportunities: 2017 Predictions, Part 3
Dec 21 2016 // Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
SCOR Moves a Step Closer to Opening a Branch Office in India
Nov 9 2016 // The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR an “R2 authorization,” which allows the group to open a composite branch office in India to conduct life and P/C reinsurance...
Lloyd’s Gets Approval to Open Reinsurance Branch in India
Nov 7 2016 // Lloyd’s of London has secured approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), to provide onshore reinsurance services in India. The decision means that the...
Liberty Mutual Insurance Raises Shareholding in India’s Liberty Videocon to 49%
Aug 15 2016 // Liberty Mutual Insurance Group is increasing its overall interest in its non-life insurance joint venture company, Liberty Videocon General Insurance Co. Ltd., from 26 percent to 49 percent. The increase was enabled as a...
India’s Biggest Shipping Firm Resumes Iran Oil Transport with Insurance in Place
Jul 5 2016 // Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner, the chairman of India’s biggest shipping company said on...
AIR Worldwide Introduces Earthquake Model for India
Jun 28 2016 // Catastrophe risk modeler AIR Worldwide, a Verisk Analytics business, has released a new earthquake model for India that estimates losses to residential, commercial and small industrial buildings as well as automobiles. The...
