Page 2 - New India Assurance Company
Axis Bank awaits nod to reclassify 3 promoters as public shareholders
United India Insurance Company, National Insurance Company and New India Assurance Company will be reclassified as public category shareholders post requisite regulatory approvals
 "Axis Bank awaits nod to reclassify 3 promoters as public shareholders")
GIC Re hits 52-week high, zooms 62% in a month on privatisation buzz
GIC Re is the largest reinsurer in the domestic reinsurance market in India and leads most of the domestic companies' treaty programmes and facultative placements
 "GIC Re hits 52-week high, zooms 62% in a month on privatisation buzz")
Non-life insurance gross premiums up 14% to Rs 15,800 cr in Feb
Specialised PSU insurers in agri business and export covers see impressive 200% growth; general and standalone health insurers see 9% and 2% growth, respectively
 "Non-life insurance gross premiums up 14% to Rs 15,800 cr in Feb")
New India Assurance, GIC Re hit 20% upper circuit on privatization buzz
As on December 31, 2020, the government held 85.78 per cent stake in GIC RE, and 85.44 per cent holding in the New India Assurance Company.
New India Assurance net profit rises 5.9% pc to Rs 524 cr in Dec quarter
The New India Assurance Company Ltd on Friday posted a 5.9 per cent rise in consolidated net profit at Rs 523.89 crore for the third quarter ended December 2020.
 "New India Assurance net profit rises 5.9% pc to Rs 524 cr in Dec quarter")
Covid-19 impact: Non-Life insurance premiums fall more than 10% in April
Claims have also not risen sharply both in motor and health, giving some respite to insurance companies
 "Covid-19 impact: Non-Life insurance premiums fall more than 10% in April")
Top headlines: Kirana shops beat online giants, milk demand down, and more
From New India Assurance to insure health workers, Centre disbursing first VRS package for BSNL, MTNL staff to challenges of e-commerce firms, Business Standard brings you top headlines of the day
 "Top headlines: Kirana shops beat online giants, milk demand down, and more")
New India Assurance, GIC rally up to 8% as govt may raise FDI limit to 74%
That apart, 37.2 per cent year-on-year (YoY) growth in new premiums between April-November further boosted buying sentiment.
 "New India Assurance, GIC rally up to 8% as govt may raise FDI limit to 74%")
New India Assurance vs ICICI Lombard: Size fails to beat profitability
With segments such as motor, health, fire and crop insurance being the stronghold of both players, they have nearly the same product profile
 "New India Assurance vs ICICI Lombard: Size fails to beat profitability")
GIC Re, New India Assurance soar 20% in range-bound market
The general insurance industry in September grew by almost 40 per cent to Rs 19,047 crore.
 "GIC Re, New India Assurance soar 20% in range-bound market")
New India Assurance gets A-rating from US-based insurance rating agency
According to New India Assurance, the ratings reflect the company's balance sheet strength which A M Best categorises as very strong
 "New India Assurance gets A-rating from US-based insurance rating agency")
New India profit jumps 187% in Sept quarter
The company's board announced an interim dividend of around Rs 300 crore
 "New India profit jumps 187% in Sept quarter")
