All the headlines from our India Topic Page, ordered by recency.
Oct 5 2018 // Markel International, the London-based specialist insurer and reinsurer, announced that its Mumbai office is now open and actively writing business.Markel said it provides specialist facultative reinsurance to local Indian...
Sep 21 2018 // Pilots operating a Jet Airways India Ltd. flight on Thursday forgot to turn on a switch that maintains optimal pressure in the cabin during ascent, causing injuries to some aboard.About 30 of the 166 passengers aboard the...
Sep 20 2018 // India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue...
Sep 17 2018 // A.M. Best said it does not expect flooding in the Indian state of Kerala to have a significant impact on the balance sheet strength of rated Indian non-life insurers; however, the losses may add to the unfavorable...
Sep 11 2018 // Johnson & Johnson (J&J) said it would work with the Indian government to compensate patients who had suffered from hip implants that were recalled by the U.S. healthcare firm eight years ago after data showed high...
Aug 29 2018 // A government panel has recommended that Johnson & Johnson (J&J) pay compensation of at least $28,500 to each Indian patient who suffered from artificial hip implants the U.S. healthcare firm recalled eight years...
Aug 29 2018 // Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital...
Aug 28 2018 // Berkshire Hathaway Inc has acquired a 25 billion rupees ($356 million) stake in the parent of digital payments company Paytm, a source said, its first investment in an Indian startup as it moves into the financial payments...
Aug 20 2018 // Some 800,000 people have been displaced and over 350 have died in the worst flooding in a century in southern India’s Kerala state, as authorities rushed to bring drinking water to the most affected areas, officials...
Aug 15 2018 // Cyber criminals hacked the systems of India’s Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank has told police.The...
Jul 31 2018 // A draft of a sweeping data privacy bill has been submitted to India’s government that, if enacted, will restrict the transfer and storage of information on more than 1 billion people by global technology corporations...
Jul 26 2018 // India’s Hindustan Petroleum Corp. (HPCL) canceled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources...
Jul 17 2018 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced it has strengthened the Asia Pacific capabilities of its Version 18 catastrophe risk management software.The Asia Pacific model suit is being...
Jul 5 2018 // Prime Minister Narendra Modi’s plan to provide health insurance to half a billion Indians — a mass of people larger than the entire population of South America — before he seeks a fresh mandate next year...
Jul 3 2018 // Changes in temperature and rainfall will impact almost half of South Asia in the coming decades, reducing economic growth in one of the world’s poorest regions, the World Bank said.A World Bank report released on...
Jun 26 2018 // Generali Group announced it has signed an agreement with Future Group to increase its stake in its insurance ventures in India to 49 percent from 25.5 percent.Generali’s presence in India is currently in the form of...
Jun 20 2018 // Vedanta Ltd. said on Wednesday a sulphuric acid leak from a tank at its southern Indian copper smelter was severe and inaction could lead to serious environmental consequences.The district administration had said on Sunday...
Jun 12 2018 // Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by...
Apr 13 2018 // One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee.An official at Delhi-based Coinsecure was extracting...
Mar 21 2018 // Pembroke Managing Agency Ltd., the London-based subsidiary of Ironshore, has been granted approval by Lloyd’s to establish and manage a syndicate for India’s GIC Re.GIC Syndicate 1947 has been granted...