Latest India Headlines

All the headlines from our India Topic Page, ordered by recency.

U.S. State Regulators Reaching Out to Foster International Standards

Feb 27 2006 // At a time when they face pressure to bring more uniformity to their own domestic regulatory operations, the nation’s state regulators are also increasingly active in efforts to harmonize the rules governing...

Zurich’s CEO Discusses Industry Issues in Davos Interview

Jan 26 2006 // Zurich Financial Services has released an interview with the Group’s CEO, James Schiro, to coincide with the ongoing conference of international business leaders, being held in the Swiss resort of Davos.Schiro, an...

Calif. Court Says Broker Owes Duty of Care to Third Party

Jan 16 2006 // California’s Second District Court of Appeals has decided that an insurance broker owed a legal duty of care to a third-party after an insurer refused to pay claims under an express policy exclusion.The case,...

India Regulator Supports Higher Limit for Foreign Insurance Investment

Dec 20 2005 // A report from Dow Jones Newswires indicates that India’s Insurance Regulatory and Development Authority has recommended that the government raise the foreign direct investment limit in the insurance sector to 49...

Best Affirms New India ‘A’ Rating

Nov 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Indian insurer New India Assurance Company Limited with a stable...

Crawford & Co. Expands in India, Adds 26 Percent of Puri Anuj & Assoc.

Nov 8 2005 // Crawford & Company has announced the purchase of a 26 percent interest in Puri Anuj & Associates Pvt. Ltd., a full service insurance loss adjusting and claims settlement company for all classes of risk with three...

Best Affirms GIC’s ‘A’ Ratings

Oct 28 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of the General Insurance Corporation of India (GIC) with a stable...

Major Quake Rocks Pakistan-India Border; More than 3,000 Killed

Oct 8 2005 // More than 3,000 people were reported killed Saturday as a major 7.6-magnitude earthquake hit the Pakistan-India border. The quake hit both those countries, along with Afghanistan.According to officials, some 1,000 people...

AIA Joins in Pursuit of Greater Access to India’s Market

Aug 4 2005 // The American Insurance Association (AIA) has urged the U.S. and Indian governments to make market liberalization in India a major trade priority.“Considering India’s size and potential as one of the...

The Asian Catastrophe: An Unprecedented Event Evokes a Global Response

Jan 24 2005 // Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many...

Swiss Re Announces Aid Measures for SE Asia

Jan 10 2005 // Swiss Re announced that both the company and its employees “are actively supporting the relief initiatives to help the victims of the seaquake tragedy in the Indian Ocean and to aid the rebuilding of the worst hit...

President Bush Tells Asian Leaders U.S. is Committed to Helping in Wake of Devastation

Dec 29 2004 // President George W. Bush told Asian leaders that the United States is committed to helping their countries following Sunday’s earthquake and killer tsunamis that have killed more than 60,000 people.The following is a...

Best Affirms Ratings of India’s GIC and New India

Oct 27 2004 // A.M. Best Co. announced that it has affirmed its ratings on two Indian insurers – General Insurance Corporation of India (GIC), the country’s huge state-owned general insurer, and New India Assurance Company...

Munich Re Launches Indian Service Company

Sep 27 2004 // Munich Re has established a new service company, Munich Re India Services Ltd., Mumbai, aimed at strengthening and intensifying “long-standing business relations – some dating back to 1950 – with Indian...

Aviva to Outsource an Additional 950 Jobs

Sep 24 2004 // Aviva Plc., the U.K.’s largest insurer, announced that it plans to increase its offshoring capacity by moving some 950 jobs offshore “to service its existing Norwich Union businesses.”The group has...

India – Fascinating, Frustrating and Growing

Sep 20 2004 // This is the second in a series of articles on the Asia insurance marketplace. The next article in this series will focus on Japan and will appear in an October issue of Insurance Journal.An ancient Indian parable tells the...

Research and Markets Report on Insurance Outsourcing Focuses on India

Aug 30 2004 // Dublin-based Research and Markets (http://www.researchandmarkets.com) has issued a new report on “Global Insurance Outsourcing – The India Perspective: Overview, Trends, Insights and Competitor...

Plan to Boost Foreign Investments in India’s Insurance Industry Comes Under Fire

Jul 13 2004 // The new Congress-led government in New Delhi faces a tough test ahead as a key Communist Party ally has come out against its proposal to raise the cap on foreign investment in India’s telecommunications, aviation and...

A.M. Best Affirms Ratings of Two Indian Insurers

Feb 19 2004 // A.M. Best Co. affirmed the “A” (Excellent) financial strength rating of General Insurance Corporation of India (GIC) (Mumbai, India) and the “A” (Excellent) rating of New India Assurance Company...

ePolicy Solutions Opens Facility in India

Oct 16 2003 // California-based ePolicy Solutions announced that it has established “a dedicated development facility in India, through an agreement with Mastek Limited, a global IT solutions company.” President, CEO and...