Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
India’s Battered Insurers May Need More than Foreign Investment
Oct 10 2012 // India’s proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved of capital and squeezed by regulation – but it may not pass parliament and it...
US Renews Waivers of Iran Sanctions for Japan, EU Nations
Sep 17 2012 // The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation’s crude oil, Secretary of State Hillary Clinton said on Friday. The...
Asia’s Iran Crude Oil Imports to Regain Levels Prior to EU Insurance Ban
Aug 22 2012 // Asia’s crude imports from Iran are set to recover in September to levels reached before a July 1 insurance ban by the European Union plunged trade with the Islamic Republic into uncertainty not seen in decades. Top...
Insurance Deal Lets India Resume Shipping Iran Oil
Aug 15 2012 // India has joined Japan in offering government-backed insurance for ships carrying Iranian crude in order to bypass European sanctions that have nearly halved Iranian oil exports to key markets. The first Indian ship to...
India’s Basic Realities May Confound New Finance Minister’s Reform Agenda
Aug 10 2012 // The return of a pro-market reformer to India’s finance ministry has cheered investors and contributed to a market rally, but Palaniappan Chidambaram will need both political deftness and some luck to tackle the...
India Power Failure Hits Millions; Among World’s ‘Worst Blackouts’
Aug 1 2012 // Hundreds of millions of people across India were left without power on Tuesday in one of the world’s worst blackouts, trapping miners, stranding train travelers and plunging hospitals into darkness when grids...
AIR Unveils Cyclone Model for India
Jul 17 2012 // Boston-based catastrophe risk modeling firm AIR Worldwide announced that it has released a cyclone model for India. “The new peer-reviewed model, which was developed out of AIR’s Hyderabad office, captures the...
Iran Oil Shipments Skirting Tanker Insurance Ban
Jul 12 2012 // Iran is shipping oil to China, its top buyer, despite a row over freight terms, and Japan has taken steps to resume imports in August as Tehran finds ways to get around Western sanctions on ship insurance for its...
Liberty Mutual’s Indian Joint Venture Receives Insurance License
Jun 27 2012 // Liberty Mutual Insurance Group announced that Liberty Videocon General Insurance Company Ltd, a joint venture between Liberty Mutual Insurance Group and Videocon Industries Ltd., has received the necessary license from...
Swiss Re sigma Study Finds P&C Growth in Emerging Markets
Jun 27 2012 // Swiss Re’s latest sigma study concludes that “global overall premiums declined 0.8 percent in real terms in 2011. While non-life premiums expanded 1.9 percent on solid economic growth in emerging markets and...
Business Moves – Midwest
Jun 18 2012 // Atlas Atlas Financial Holdings Inc. has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting. Atlas’ insurance subsidiaries, American...
Report: Japan to Pass Bill to Insure Iran Oil Imports
Jun 14 2012 // Japan’s lower house is set to pass a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, making it the first of Iran’s big Asian buyers to find a way to keep the oil flowing...
U.S. Exempts India, Other Countries, Not China, from Iran Sanctions
Jun 12 2012 // The United States extended exemptions from its tough, new sanctions on Iran’s oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of...
Insurance Exchange Ebix Acquires PlanetSoft for $40 Million
Jun 5 2012 // Atlanta-based insurance software and e-commerce supplier Ebix said it has agreed to buy life insurance and annuity services provider PlanetSoft Inc. for $40 million. Ebix said the acquisition is expected to be immediately...
CPCU Society Forms India Chapter
May 25 2012 // The CPCU Society has approved the formation of an India CPCU Society Chapter. The India CPCU Society Chapter is the fifth international CPCU Society Chapter in addition to Bermuda, Europe, Japan and South Korea. The CPCU...
UK Seeking Delay to EU’s Iran Ship Insurance Ban
May 9 2012 // The UK is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead to a damaging spike in oil prices,...
Shipping Exec: India’s State Insurers to Provide $50 Million Cover for Iran Oil Buy
May 1 2012 // Indian state-run insurers have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from sanctions-hit Tehran from July, a Shipping Corp of India...
S&P Lowers India’s Rating Outlook to Negative; Investment Rating in Peril
Apr 25 2012 // Standard & Poor’s cut India’s credit rating outlook on Wednesday to negative from stable, reflecting the toll that hefty fiscal and current account deficits and political paralysis are exacting on...
Tsunami Watch Cancelled; AIR Worldwide Analyzes Quake Risk
Apr 12 2012 // Yesterday the world held its breath, as two strong earthquakes within hours of each other shook the Indian Ocean sea bed, not far from the epicenter of the quake in 2004, which generated a tsunami that took over a quarter...
U.S. Exempts 11 Countries from Iran Oil Sanctions; China, India Exposed
Mar 21 2012 // The United States exempted Japan and 10 EU nations from financial sanctions because they have significantly cut purchases of Iranian oil, but left Iran’s top customers China and India exposed to the possibility of...
