Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Best Lowers India’s GIC Ratings
Dec 19 2006 // A.M. Best Co. has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) and the issuer credit rating to “a-” from “a” of General Insurance...
Best Lowers New India Ratings
Dec 19 2006 // A.M. Best Co. has downgraded the financial strength rating to “A”- (Excellent) from “A” (Excellent) and the issuer credit rating to “a-” from “a” of The New India Assurance...
Swiss Re Buys 26% Stake in Indian Health Care Provider
Dec 12 2006 // Swiss Re has signed an agreement with TTK Group and India Value Funds Advisors (IVF) to purchase a 26 percent stake in TTK Healthcare Services Pvt Ltd (TTKHCS), one of India’s leading health insurance third party...
Improving efficiency and valuation through automation and outsourcing
Nov 20 2006 // Revenue growth, the quality of a book of business, the caliber of producers, strategic drivers and the overall level of client service — these are the typical considerations that affect an agency’s...
Improving efficiency and valuation through automation and outsourcing
Nov 19 2006 // Revenue growth, the quality of a book of business, the caliber of producers, strategic drivers and the overall level of client service — these are the typical considerations that affect an agency’s...
India’s 3i Infotech Launches Internet Broker Platform
Sep 26 2006 // India’s 3i Infotech, a provider of IT solutions, announced the launch of Premia Insurance Broking eXchange (IBX), which it described as “a subscription based Internet solution for the Indian insurance...
SCOR Scores Success with Asian Treaty Renewals
Apr 18 2006 // French reinsurer SCOR Group reported premium gains in its Asia-Pacific zone following treaty renewals at the beginning of April. Written premiums In Japan exceeded 7 billion yen ($59.3 million) up 6 percent compared to...
U.S. State Regulators Reaching Out to Foster International Standards
Feb 27 2006 // At a time when they face pressure to bring more uniformity to their own domestic regulatory operations, the nation’s state regulators are also increasingly active in efforts to harmonize the rules governing...
Zurich’s CEO Discusses Industry Issues in Davos Interview
Jan 26 2006 // Zurich Financial Services has released an interview with the Group’s CEO, James Schiro, to coincide with the ongoing conference of international business leaders, being held in the Swiss resort of Davos. Schiro, an...
Calif. Court Says Broker Owes Duty of Care to Third Party
Jan 16 2006 // California’s Second District Court of Appeals has decided that an insurance broker owed a legal duty of care to a third-party after an insurer refused to pay claims under an express policy exclusion. The case,...
India Regulator Supports Higher Limit for Foreign Insurance Investment
Dec 20 2005 // A report from Dow Jones Newswires indicates that India’s Insurance Regulatory and Development Authority has recommended that the government raise the foreign direct investment limit in the insurance sector to 49...
Best Affirms New India ‘A’ Rating
Nov 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Indian insurer New India Assurance Company Limited with a stable...
Crawford & Co. Expands in India, Adds 26 Percent of Puri Anuj & Assoc.
Nov 8 2005 // Crawford & Company has announced the purchase of a 26 percent interest in Puri Anuj & Associates Pvt. Ltd., a full service insurance loss adjusting and claims settlement company for all classes of risk with three...
Best Affirms GIC’s ‘A’ Ratings
Oct 28 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of the General Insurance Corporation of India (GIC) with a stable...
Major Quake Rocks Pakistan-India Border; More than 3,000 Killed
Oct 8 2005 // More than 3,000 people were reported killed Saturday as a major 7.6-magnitude earthquake hit the Pakistan-India border. The quake hit both those countries, along with Afghanistan. According to officials, some 1,000 people...
AIA Joins in Pursuit of Greater Access to India’s Market
Aug 4 2005 // The American Insurance Association (AIA) has urged the U.S. and Indian governments to make market liberalization in India a major trade priority. “Considering India’s size and potential as one of the...
The Asian Catastrophe: An Unprecedented Event Evokes a Global Response
Jan 24 2005 // Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many...
Swiss Re Announces Aid Measures for SE Asia
Jan 10 2005 // Swiss Re announced that both the company and its employees “are actively supporting the relief initiatives to help the victims of the seaquake tragedy in the Indian Ocean and to aid the rebuilding of the worst hit...
President Bush Tells Asian Leaders U.S. is Committed to Helping in Wake of Devastation
Dec 29 2004 // President George W. Bush told Asian leaders that the United States is committed to helping their countries following Sunday’s earthquake and killer tsunamis that have killed more than 60,000 people. The following is...
Best Affirms Ratings of India’s GIC and New India
Oct 27 2004 // A.M. Best Co. announced that it has affirmed its ratings on two Indian insurers – General Insurance Corporation of India (GIC), the country’s huge state-owned general insurer, and New India Assurance Company...
