India Plans to Ease Nuclear Liability Laws to Attract Foreign Firms, Sources Say April 21, 2025 By Sarita Chaganti Singh India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said,...
Peak Re Granted License to Open Reinsurance Branch in India April 4, 2025 Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India. Peak...
Allianz, Jio Financial Said to Reach Initial Deal for India Joint Venture March 20, 2025 By Preeti Singh and Saikat Das Billionaire Mukesh Ambani’s Jio Financial Services Ltd., has reached a preliminary agreement with Allianz SE to form an insurance business...
Allianz to Sell India JV Stake to Local Partner for €2.6 Billion March 18, 2025 By Stephan Kahl Allianz SE has agreed to sell its 26% stake in Indian joint ventures for about €2.6 billion ($2.8 billion) to...
India Insurers Look to Hike Health Premiums as Pollution Stings February 21, 2025 By Ashwin Manikandan Indian insurers are considering making New Delhi residents pay 10% to 15% more for new health policies after an extraordinary...
Aviva’s India Arm Hit With $7.5 Million Fine for Fake Invoice Scheme, Order Shows February 17, 2025 By Aditya Kalra and Nikunj Ohri Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an...
W. R. Berkley Launches Branch Office in India December 19, 2024 W. R. Berkley Corp., the Greenwich, Connecticut-based insurer, announced that Berkley Insurance Co. has received regulatory approval to launch a...
Aviva’s India Officials Approved Brokerage Model Queried by Taxmen December 13, 2024 By Aditya Kalra and Nikunj Ohri An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023...
Police Summon Aviva India CEO in Discrimination Case, Company Denies Allegations October 30, 2024 By Arpan Chaturvedi and Aditya Kalra Indian police have summoned Asit Rath, the chief executive of British insurer Aviva in the country, as part of an...
Indian Court Tells Star Health to Share Details of Leak so Telegram Can Delete Chatbots October 25, 2024 By Praveen Paramasivam An Indian court in the southern state of Tamil Nadu has told insurer Star Health to help Telegram identify data...