Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Berkshire Hathaway’s Gen Re Plans to Expand in Indian Market
Sep 28 2017 // General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc. which won a license to open an Indian office in May, is seeking a larger slice of the world’s fastest-growing reinsurance market. The unit plans to...
Russia National Reinsurance Co. to Expand into China, India, Middle East & Africa
Sep 22 2017 // Russian National Reinsurance Co. (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said. State-owned RNRC was set up...
Ed Names Jani Chief Executive for Middle East, North America, India
Sep 19 2017 // Ed, the global reinsurance, wholesale and specialty broker, has announced the appointment of Minesh Jani as chief executive of Middle East North America (MENA), India and Indian sub-continent. Jani brings two decades of...
Indian Insurer ICICI Lombard Hopes to Raise $892 Million with IPO
Sep 8 2017 // ICICI Lombard General Insurance Co Ltd’s initial public offering of shares opening next week aims to raise up to 57 billion rupees ($892 million), the latest listing in what is expected to be a record-setting year...
Devastating S. Asia Floods Kill 1,400, Expose Lack of State Planning for Monsoons
Sep 1 2017 // The most devastating floods to hit South Asia in a decade have killed more than 1,400 people and focused attention on the poor planning and lack of preparedness for annual monsoon rains, as authorities struggle to get aid...
India’s Financial Hub Paralyzed by Torrential Monsoon Rains; Death Toll Rises
Aug 31 2017 // Two toddlers were among 14 people killed in Mumbai after floods caused by heavy monsoon rains destroyed homes and disrupted traffic in India’s financial capital, police said, but lighter-than-feared rain on Wednesday...
Indian IPOs Headed for Record Year as Insurers Seek to Raise Funds
Aug 21 2017 // Indian initial public offerings are headed for a record year, as a rush of insurers seek to ride a rally in the local market and tap increasing investor demand for financial assets. At least four Indian insurers are aiming...
Markel Names HDFC Ergo’s Mathur to Lead Entry into India with Lloyd’s Platform
Jul 24 2017 // Specialist insurer Markel International has appointed Deepika Mathur to lead its entry into the Indian market. Capacity will be provided by Markel’s Syndicate 3000 at Lloyd’s and business will be written...
Fairfax Plans to Sell 12.2% Stake in India’s ICICI Lombard
May 30 2017 // Canada’s Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), the Indian company...
Gen Re Receives License to Open Reinsurance Branch in India
May 15 2017 // Gen Re has received approval from the Insurance Regulation and Development Authority of India (IRDAI) to open a branch in Mumbai ( known as R3 authorization). The branch structure will now allow Gen Re to deliver...
China & India Lead U.S. in Renewable Energy Targets: Allianz
Apr 24 2017 // Renewable power investments will need to rapidly grow in the coming two decades to be in line with the Paris Agreement climate goals, according to the Allianz Climate & Energy Monitor Deep Dive, which aims to inform...
Warburg Seeks to Buy Minority Stake in India’s ICICI Lombard from Fairfax
Apr 20 2017 // Warburg Pincus is the frontrunner to acquire a minority stake in Indian insurer ICICI Lombard General Insurance Co. from Prem Watsa’s Fairfax Financial Holdings Ltd., according to people familiar with the...
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...
