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Tuesday, Nov 24, 2009
 
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'We plan to buy partner's stake in insurance JV'04-NOV-09
It’s rare for a company chief to sign results of two competing entities in a span of one week. KR Kamath, now chairman and managing director of Punjab National Bank (PNB), announced the second-quarter results of Kolkata-based Allahabad Bank before moving to New Delhi for his new assignment where he declared PNB’s results. Kamath shares his views on business environment and opportunities with Abhijit Lele.
Tata, AIG to infuse Rs 600 cr in life insurance JV28-SEP-09
The promoters of Tata AIG Life Insurance are expected to infuse Rs 600-700 crore capital in the venture during the current financial year.
Religare, Swiss Re call off health insurance JV05-SEP-09
Exactly three months after announcing a tie-up for a standalone health insurance joint venture (JV), Religare and global insurer Swiss Re have decided not to renew their term sheet.
Uco Bank's insurance JV04-JUL-09
Public sector Uco Bank would invest Rs 45 crore in its general insurance company, which would be operational by March next year, Chairman and Managing Director SK Goel said on Friday.
Uco Bank to finalise general insurance JV by September08-APR-09
State-run Uco Bank plans to foray into general insurance and the details are to be worked out by September, including the selection of partners, a top official has said.
Andhra Bank, BoB, L&G Group in insurance JV25-FEB-09
“Andhra Bank has already formed a joint venture with the Bank of Baroda and Legal & General Group to launch the insurance business. All formalities in this regard have been completed and the insurance business both in life and non-life segments is expected to be launched before the end of the current fiscal”, T Ravindranath, one of the directors of Andhra Bank told Business Standard.
Insurance JVs continue to be quite sound: Bansal12-DEC-08
The government today said that the insurance joint ventures have not been affected by global financial developments and there are no regulatory concerns on their ability to meet policy holders
Sompo Japan keen to raise stake in insurance JV04-OCT-08
Universal Sompo General Insurance’s Japanese partner, Sompo Japan Insurance, is open to raising its stake up to 49 per cent, an official of the insurance firm said on Friday.
SBI general insurance JV faces roadblocks19-SEP-08
Rights that IAG will enjoy are an issue the bank’s board is discussing.
Max India rejigs insurance JV24-JUL-08
The company modified the terms of options available to its foreign partner for purchasing an additional 24 per cent stake in Max New York Life Insurance Company, to increase its stake to 50 per cent,
Burmans, Liberty Mutual tie up for non-life insurance JV03-JUN-08

The Burman family, promoters of the Dabur Group, and the US-based Liberty Mutual Group on Monday joined hands to set up a non-life insurance venture in India.

BoM to opt out of general insurance JV03-APR-08
Bank of Maharashtra (BoM) has opted out of the proposed general insurance joint venture (JV) with Shriram Financial Services and South Africas Sanlam due to differences. The Pune-based public sector
Union Bank, BoI, Dai-ichi float life insurance JV06-DEC-07
Union Bank of India, Bank of India and Japan-based Dai-ichi Mutual Life Insurance today floated a life insurance joint venture company with an initial authorised capital of Rs 250 crore.

Union
BoI to have 51% stake in insurance JV14-SEP-07
Public-sector Bank of India, which has formalised an agreement with Dai-Ichi of Japan for setting up a Rs 250-crore life insurance firm, will have a 51% stake in the joint venture, a top bank official
Pantaloon gets nod for insurance JV05-SEP-07
The Insurance Regulatory and Development Authority (IRDA) today cleared the joint venture between Kishore Biyani's Pantaloon Retail India and Italian insurance firm The Generali Group to commence
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