The USD 1.7 billion initial public offering of state-owned General Insurance Corporation of India has opened for subscription on Wednesday, with a price band of Rs 855-912 per share. The largest ever public issue by an insurance company will close
AU Small Finance Bank to distribute Aditya Birla Health insurance
AU Small Finance Bank has tied up with Aditya Birla Health Insurance to to distribute the latter’s health insurance products. The bank will act as a corporate agent, it said. “This tie up shall be mutually beneficial for ABHICL &
MMI bets on India
South African insurance companies are not seeing a lot of growth in their home market. The weak economic environment and restrained household spending mean that there’s not a great deal to get excited about. All of the big South African
Financial Planning
In a recent survey conducted by India Connect it was found that the challenges faced by Indian Companies in South Africa mostly related to administrative issues such as short term insurance and matters involving staff benefits such as medical aid. Some
Old Mutual is withdrawing from India
Insurance giant is withdrawing from India to focus on its African assets as Sanlam and MMI pile in. Old Mutual CEO Bruce Hemphill wasn’t kidding when he said the emerging markets business was going to refocus on Africa. This was