Standard Life shuts Singapore insurance business

Last Updated: Thursday, June 25, 2015, 13:41

The closure will generate a non-operating loss of around 45 million pounds ($70.56 million), Standard Life said in a statement.

Swiss Re says no plans to enter direct insurance biz in India

Last Updated: Thursday, May 28, 2015, 19:00

World's second largest reinsurer Swiss Re Thursday said it has no plans to enter the direct insurance business in the country.

CCI clears AXA raising stake in insurance JVs with Bharti

Last Updated: Thursday, May 28, 2015, 13:41

AXA is the first foreign partner to increase its stake in a domestic insurance company after the government had approved up to 49 percent FDI in insurance sector in March, compared to 26 percent earlier.

Llyod's in talks with IRDA to set up re-insurance biz in India

Last Updated: Sunday, March 15, 2015, 12:54

UK-based re-insurer Llyod's has initiated talks with insurance regulator IRDA for starting operations in India and opening offices here.

R-Cap to begin talks with foreign partners for insurance biz

Last Updated: Thursday, March 12, 2015, 21:05

Expecting the passage of Insurance Bill to bring in USD 8-10 billion of foreign capital into the industry, Reliance Capital Thursday said it would soon begin talks with foreign partners for its insurance ventures.

TCS launches improved solution for automation in underwriting

Last Updated: Thursday, March 5, 2015, 10:27

Top software exporter TCS has introduced a new platform which will increase the level of automation in underwriting for insurance business.

Aditya Birla Group plans to foray into health insurance biz

Last Updated: Wednesday, February 11, 2015, 22:27

Diversified conglomerate Aditya Birla Nuvo Ltd (ABNL) is planning to enter health insurance business in the country.

RBI permits banks to act as insurance brokers

Last Updated: Thursday, January 15, 2015, 21:01

Seeking to increase insurance penetration in the country, the Reserve Bank on Thursday allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies.

Aviva may exit India life insurance business: Sources

Last Updated: Monday, August 5, 2013, 17:33

Aviva, which aims to cut costs by 400 million pounds by year-end, is in the process of hiring corporate advisors to find buyers for its 26 percent stake in Aviva Life, its venture with Dabur Group, the sources told Reuters.

AIA sizes up bid for $6 bn ING Asia insurance business

Last Updated: Tuesday, January 17, 2012, 12:39

AIA Group Ltd, Asia's third-largest insurer, is exploring making an offer for Dutch ING's roughly USD 6 billion Asian insurance operations.

ING shelves trade sale of Belgian insurer: Source

Last Updated: Thursday, December 29, 2011, 13:58

Dutch financial services group ING Groep (ING.AS) has scrapped plans for a separate trade sale of its Belgian insurance business, worth 500 to 750 million euros, a person familiar with the deal said on Wednesday.

Religare awaits IRDA approval to launch health insurance

Last Updated: Thursday, September 8, 2011, 20:45

Religare Finvest, subsidiary of Religare Group is awaiting final approval from Insurance Regulatory Development Authority (IRDA), for launch of products under the heath insurance portfolio, a senior company official said Thursday.