India
Indian insurers face $107m loss over refinery
A vapour fire explosion at an oil refinery owned by HPCL-Mittal Energy in Bathinda, Punjab has triggered a major claim.
Over 460 dead from Pakistan and India flooding
460 people have been killed by horrific floods in India and Pakistan which have already displaced a million people.
Zensar targets Middle East with Agile partnership
Global software provider Zensar is partnering with Agile Financial Technologies as it ramps up its Middle East presence.
Indian select committee meets as South African firm readies investment
The long awaited insurance reforms in India have potentially moved a step closer with the first meeting of a new select committee.
Mastek UK appoints Khanolkar to lead insurance and financial services
Global enterprise application specialist Mastek UK has appointed Vidyesh Khanolkar as head of insurance and financial services division.
Indian Insurance Bill caught in parliamentary disagreements
The long awaited reforms to open up India's insurance industry to more foreign capital have yet again been held up.
C-Suite: El Nino's impact on India
Although not fully formed, the weather phenomenon El Nino already appears to be impacting on rainfall in India writes Graham Cook.
Insurers adopt watch-and-wait approach to India ahead of proposed FDI changes
The proposed increase in the foreign direct investment cap in Indian insurers from 26% to 49% may not have the desired effect if the conditions for investment are too stringent, according to market commentators.
Modi government revives long-awaited FDI hike
India’s new government has revived plans to increase the foreign direct investment ceiling to 49% from 26% but has proposed a number of safeguards, according to local media reports.
JLT acquires stake in Sunidhi Group broking subsidiary
Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.
Expectations rise for FDI increase in India
Last week leading insurer CEOs in India met the new Finance Minister Arun Jaitley to give their views on the upcoming budget.
India government eyes foreign investment increase
The new government of India wants the long-mooted change to the foreign direct investment cap back on the political agenda.
Interview: Gaelle Olivier, CEO, general insurance, Axa Asia
Gaelle Olivier, CEO, general insurance, Axa Asia speaks to Andrew Tjaardstra about the insurer's Asian expansion plans.
Interview: David Fried, CEO, Asia-Pacific, QBE
Editor, Asia at Post Andrew Tjaardstra interviews David Fried, CEO, Asia-Pacific QBE at the Australian insurer’s new regional office in Quarry Bay, Hong Kong.
Allianz's Asia-Pacific arm hit by stronger euro
Allianz's insurance unit across 14 countries in Asia-Pacific saw revenues and profits fall as the euro appreciated against Asian currencies.
Indian opposition to consider increase in foreign investment cap
As Indian political elections loom, the opposition party has pledged to consider raising the foreign investment cap in insurance from 26% to 49%.
Cigna partners in India with TTK
US health insurer Cigna has entered into a health insurance joint venture with Indian conglomerate TTK Group. The new venture is to be called Cigna TTK.
London P&I Club issues warning over cargo liquefaction
The London P&I Club has said the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight on the problem of cargo liquefaction.
Blue Insurances buyout co-founder for almost €10m
Online travel insurance broker Blue Insurances has completed a buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.
India to review foreign ownership threshold of intermediaries
The Insurance Regulatory Development Authority has formed a panel to look at increasing the foreign ownership threshold of Indian intermediaries and third party administrators from 26% to 100%.
AIA pens 15 year 11 country deal in Asia-Pacific with Citibank
AIA and Citibank have reached a huge 11 country 15 year bancassurance distribution agreement for life and health insurance products at Citibank's 600 strong Asia-Pacific branch network.
Indian GI market to grow strongly over next four years
Underinsurance in India is expected to spur growth over the next four years according to ratings agency Care Ratings.
Cyclone Helen kills six in India
Six people died when a cyclone hit Southern India on Friday.
Iran nuclear deal could help boost oil exports
The weekend agreement between Iran and the West over its nuclear capabilities could give a short term boost to oil exports as insurance coverage could be extended quickly.