Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
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...
India’s 1st Insurer IPO Paves Way for More Public Offerings in $60B-Plus Industry
Apr 22 2016 // India will get its first life-insurance listing since it opened up to private-sector investors 16 years ago, paving the way for more companies seeking to go public in an industry that’s since grown to more than $50...
Lloyd’s Seeks to Open Reinsurance Branch in Mumbai, India
Apr 1 2016 // Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory...
Fairfax Financial to Buy 33% Stake in India’s Bangalore Airport for $322 Million
Mar 28 2016 // Indian airport operator GVK Power & Infrastructure Ltd. said it sold a stake in its Bengaluru aerodrome to Fairfax Financial Holdings Ltd., helping cut debt. The shares rose. Fairfax will buy 33 percent of Bangalore...
Lloyd’s Appoints Garigiparthy as Country Manager for India
Mar 18 2016 // Lloyd’s announced the appointment of Shankar Garigiparthy as country manager for India. In this new role Garigiparthy will be responsible for market development, representing Lloyd’s in discussions with...
India Joins Nuclear Liability Pact, Opening Door to Foreign Reactor Investments
Feb 5 2016 // India’s decision to join a global treaty on nuclear accident liability may help it woo reactor suppliers, including Westinghouse Electric Co. and General Electric Co., that have been reluctant to sell technology to...
Munich Re Raises Shareholding in India’s Apollo Munich Health Insurance
Jan 26 2016 // Munich Re will acquire an additional 23.27 percent of shares of Apollo Munich Health Insurance Co. Ltd., from its joint venture partner, the Apollo Hospitals Group, India, increasing its shareholding from 25.5 percent to...
Vaidyan Appointed to Lead GIC Re as India’s 1st Insurer Chairwoman
Jan 25 2016 // Alice Vaidyan has been appointed as chair and managing director of General Insurance Corp. of India (GIC Re), the national reinsurer. She is the first woman to be appointed as chair in the history of Indian insurance...
XL Catlin Applies for License to Open Reinsurance Branch in India
Jan 21 2016 // XL Catlin announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in...
Magnitude 6.7 Earthquake Jolts India, Bangladesh: AIR Worldwide
Jan 5 2016 // A magnitude 6.7 earthquake hit northeast India near its border with Myanmar and Bangladesh on Jan. 4 at 4:35 a.m. local time, about 29 kilometers (18 miles) northwest of Imphal, the capital of Manipur state, according to...
India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap
Dec 8 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred...
Insurers Braced for Claims Surge as 10-Year High Floods Hit India
Dec 8 2015 // Insurers from Lombard General Insurance Co. to American International Group Inc. are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the city home to factories...
Business Losses in India’s Flood-Ravaged Chennai Could Top $2.2 Billion
Dec 3 2015 // As the flood-ravaged Indian city of Chennai prayed for respite from torrential rains, a trade body said losses to businesses from the record downpour could reach more than 150 billion rupees ($2.2 billion).* Water...
It’s 2026, There’s a Food Security Crisis- How Does World Respond?
Nov 12 2015 // The year is 2026. Flooding, worsened by climate change, has devastated Bangladesh and driven millions of hungry refugees to its border with India. Worried about unrest and disease, India asks other nations for help. The...
No ‘Significant Losses’ Expected from M7.5 Hindu Kush Quake: AIR Analysis
Oct 27 2015 // According to catastrophe modeling firm AIR Worldwide the epicenter the magnitude 7.5 earthquake that struck northeastern Afghanistan yesterday was located in the Hindu Kush mountain range, 45 km (28 miles) north of...
