reinsurance

Govt might take offer-for-sale route to cut back stake in GIC Re

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GIC Re, India’s largest re-insurer, has prepped itself for a potential offer-for-sale (OFS) by the Authorities, with the probability of a credit standing improve by AM Finest seen appearing as a tailwind. At the moment, the Authorities has 85.78 per cent stake within the firm. For an organization to be listed and proceed to be … Read more

IRDAI provides in-principle nod for Policybazaar to improve license, enter reinsurance promoting

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PB Fintech on Friday stated that insurance coverage regulator IRDAI has granted in-principle approval to its wholly owned subsidiary Policybazaar Insurance coverage Brokers (Policybazaar) to improve its license from a direct insurance coverage dealer (Life and Normal) to a composite insurance coverage dealer. Additionally learn: Policybazaar father or mother PB Fintech turns worthwhile, reviews Q3 … Read more