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Reliance General, Royal Sundaram submit merger proposal to Irda
Reliance General Insurance and Royal Sundaram Alliance have submitted a proposal to the insurance regulator to merge their businesses.
SBI enters general insurance biz through JV with IAG
Premier public sector lender, State Bank of India on Monday said that it has entered into a joint venture with Australia's IAG for its foray into the general insurance business.
Australia insurer IAG enters India with SBI venture
Insurance Australia Group will invest A$170 mn in a general insurance venture with SBI, taking its first step into the fast growing Indian insurance market.
Australia's IAG to buy UK insurer for $1.1 bn
Insurance Australia Group (IAG) has announced it will buy British motor insurer Equity Insurance Group for £570 million ($1.13 billion).
SBI likely to finalise JV structure with IAG by next month
Stage is set for the entry of State Bank of India into general insurance as the country's largest lender is expected to finalise the terms for joint venture with Insurance Australia Group (IAG) by next month.
SBI & BoB insurance ventures get IRDA nod, final OK later
Competition is set to intensify in India’s insurance sector, with new entrants waiting to launch life, non-life and stand-alone health insurance firms.
IRDA's agency transfer rules may make life tough for SBI
The new transfer of agency norms announced by the insurance regulator this month could turn out to be a ticklish issue for the country’s largest bank, State Bank of India.
Australia's QBE lifts bid for IAG
Australian-listed global insurance group QBE Insurance said Monday it had lifted its offer for the nation's second-largest general insurer, Insurance Australia Group (IAG), and declared the offer final.
SBI to finalise general insurance partner shortly
Country's largest lender State Bank of India today said it will finalise its non-life insurance partner during the month.
SBI in talks with Gulf investors for PE play
State Bank of India is talking to the governments of Qatar and sovereign entities in Oman to set up a private equity fund.
Liberty Mutual, Religare may tie up for non-life JV
US insurer Liberty Mutual is understood to have approached Religare Enterprises for a possible joint venture in non-life space after its proposed joint venture with Dabur fell through.
'Insurance sector attracted $543 mn FDI'
As on March 31, 2007, the entry of foreign partners has resulted in attracting $543 million FDI.
IAG's next target is India after China
With an eye to tap the huge market potential in India, Insurance Australia Group (IAG) has been advised to operate here after its protracted bid for a stake in China's third largest insurer soured.
SBI not to allow global M&As affect non-life JV
State Bank of India will take measures to ensure that its proposed non-life joint venture is not adversely affected by international M&As.
SBI, Insurance Australia to tie up for non-life
SBI decided to partner Insurance Australia Group for its proposed non-life joint venture. The two cos are likely to announce their partnership soon. Keep good health