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Peak Re Granted License to Open Reinsurance Branch in India
Apr 4 2025 // Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India.Peak Re has been authorized to write both property/casualty and life & health business,...
Allianz, Jio Financial Said to Reach Initial Deal for India Joint Venture
Mar 20 2025 // Billionaire Mukesh Ambani’s Jio Financial Services Ltd., has reached a preliminary agreement with Allianz SE to form an insurance business in India, according to people familiar with the matter.The move comes as the...
Wikimedia Challenges India Content Takedown, Warns of Chilling Effect on Free Speech
Mar 19 2025 // The Wikimedia Foundation, which runs Wikipedia, has asked India’s Supreme Court to quash an order directing the online encyclopedia operator to take down a page describing its legal dispute with a domestic news...
Allianz to Sell India JV Stake to Local Partner for €2.6 Billion
Mar 18 2025 // Allianz SE has agreed to sell its 26% stake in Indian joint ventures for about €2.6 billion ($2.8 billion) to local partner Bajaj Group, according to a statement.The German insurance company has entered into binding...
India Insurers Look to Hike Health Premiums as Pollution Stings
Feb 21 2025 // Indian insurers are considering making New Delhi residents pay 10% to 15% more for new health policies after an extraordinary spike in claims related to air pollution in 2024 in India’s capital, according to nine...
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