UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says August 30, 2024 By Aditya Kalra and Nikunj Ohri An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a...
Zurich Insurance Adding 600 People in India Following Kotak Deal June 25, 2024 By Preeti Singh Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people...
Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance June 19, 2024 Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for...
India’s GIFT-City Financial Hub Plans to Grow in Re/Insurance, Direct Listings November 30, 2023 By Saikat Das Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for...
India Tunnel Collapse Shows Risk of Construction in Fragile Himalayas November 20, 2023 By Lou Del Bello For nearly a week, 40 workers have been trapped in an under-construction tunnel after a landslide demolished its entrance, derailing...
India Insurance Startup Raises Funds at $650 Million Valuation October 11, 2023 By Sankalp Phartiyal Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than...
Aon Plc Acquires India’s Global Insurance Brokers October 6, 2023 Global Insurance Brokers, a major provider of risk management, insurance, and reinsurance broking services in the Indian subcontinent, announced its...
India Pursues Insurance, Gaming Firms Over Alleged Tax Evasion September 28, 2023 By Shruti Srivastava and Advait Palepu Indian authorities sent a $208 million tax demand to a private insurer, the latest in a growing list of firms...
India’s Reliance Hunts for CEO of Jio Financial Services’ Newly Created Insurance Biz August 31, 2023 By Preeti Singh and P R Sanjai Reliance Industries Ltd. is in discussions with global and domestic executive headhunters to find a leader for Jio Financial Services...
Chubb Seeks 49% of India’s Kotak General Insurance, Has Edge Over Zurich: Sources July 25, 2023 By M. Sriram U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a...