INSURANCE AUSTRALIA GROUP
India-Australia CEOs forum discusses ways to enhance trade
The CEOs Forum of India and Australia today discussed ways to increase trade and investment, and agreed on taking steps for skill development.
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).
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 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.
'Insurance sector attracted $543 mn FDI'
As on March 31, 2007, the entry of foreign partners has resulted in attracting $543 million FDI.
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.
HDFC buys out Chubb in non-life JV
HDFC has bought out its US partner Chubb from its non-life insurance joint venture. The shareholders have approached IRDA with their decision to part ways.
We expect to generate Rs 225-cr premium this year: RR Belle, SBI General Insurance
The company, which has access to the huge distribution network of SBI, is focusing on pricing risks at appropriate rate, says MD & CEO RR Belle.
Best Xmas gift for Aussie bankers: their job
All I want for Christmas is ... my job! That's a refrain heard around the world as the financial crisis puts hundreds of thousands out of work.
State Bank of India: Life in the times of OP Bhatt
Om Prakash Bhatt made an elephant dance when those dancing for decades were falling all around. He made central bank governor Yaga Venugopal Reddy squirm, and rival bankers fume.
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