#insurance-sector
Sidharatha Mishra to take charge as ICICI Life Insurance Ltd’s chief
ICICI Life Insurance appoints Sidharatha Mishra as MD & CEO (IC) for five years, succeeding Anup Bagchi who resigns for HDFC Bank.
Oriental Insurance hopes to turn corner in FY27 assisted by NSE stake dilution
Looking ahead, Oriental Insurance Company projects a profitable turnaround by 2026-27, facilitated by a planned stake dilution in the National Stock Exchange through an upcoming IPO. The company plans to offer close to 49.57 lakh shares in this process. Such …
IndiaFirst plans to raise Rs 250 cr in subordinated debt
IndiaFirst Life Insurance plans to raise ₹150-250 crore through subordinated debt. BNP Paribas Cardif will acquire Warburg Pincus' stake in the insurer. The company's initial public offering plans have been deferred, not abandoned. Its agency channel is ex…
LIC Q1 profit surges 23% on growth in value of new business
Life Insurance Corporation of India reported a twenty-three percent net profit rise. Value of new business jumped sixty-one percent, boosting profitability margins significantly. Diversification into non-participating savings and protection products aided thi…
CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stake
The Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit Infoworks Services merge into the insurer, which remains the surviving entity. Following the merger, the Fairfax group …
Insurance sector seeing strong interest from foreign investors since 100 % FDI : IRDAI chief
NSE IPO Effect: New India Assurance shares rally 14% on plans to offload over 1 crore shares in blockbuster offer
New India Assurance shares surged over 14% following the National Stock Exchange's (NSE) filing of its Draft Red Herring Prospectus (DRHP) for its long-awaited Initial Public Offering (IPO). The government-owned insurer will offload over 1 crore shares as par…
India notifies 100% foreign investment in insurance sector, LIC limit stays at 20%
The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign investors to fully invest in the sector without prior approvals, according to a report by ET Now citing agencies.