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Insurance News
insurance_news
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Edelweiss, Tokio Marine in insurance venture
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Reuters
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Fri 20 Nov, 09:50 AM
MUMBAI (Reuters) - Edelweiss Capital said on Friday it plans to form a life insurance joint venture with Japanese insurance group Tokio Marine...
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Three PSUs to divest stake in DPCS
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Indian Express
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Fri 20 Nov, 04:13 AM
The combined 57% holding of public sector Andrew Yule, Life Insurance Corp and United India Insurance in DPCS Ltd, a power generating company, will be disinvested through an auction on Friday. Andrew Yule chairman Kallol Datta said the bidding would...
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Banking Notes
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Indian Express
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Fri 20 Nov, 03:21 AM
State Bank of Mysore to raise Rs 100 cr via debt State Bank of Mysore on Thursday said its board has approved to raise Rs 100 crore by issuing perpetual debt instruments to strengthen the tier-I capital of the bank, State Bank of Mysore said in a...
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Investment income drives general insurers' profitability, says Crisil
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Indian Express
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Fri 20 Nov, 03:13 AM
Strong investment returns continue to help India s general insurance companies offset underwriting losses, and allow them to report overall profitability. The underwriting performance of general insurance companies in the country remains dismal with...
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Sun Life eyes U.S. insurance acquisitions
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Reuters
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Fri 20 Nov, 02:20 AM
TORONTO (Reuters) - Sun Life Financial Inc said on Thursday it is seeking acquisitions to expand its U.S. insurance business but believes organic growth is the better way to gain market share in mutual...
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