The high profile movement has, in fact, put in focus a growing talent crunch in the industry at the top management levels, especially with new companies and newer technology companies entering the fray.
More than half a dozen life insurance companies -- that are operating for nearly a decade now -- have cut their branch presence significantly in the last six months in a bid to cut cost and increase efficiency.
Unlike other cases, where elimination of terror kingpins has led to moderation in terror activities, insurers anticipate Osama's death may trigger a series of incidents across the world, especially in the US and Europe.
T S Vijayan, whose five-term as the chairman of government-owned Life Insurance Corporation of India (LIC) ended on Tuesday, is likely to shift to UTI Mutual Fund as the new head.
Japan's Orix Corporation, which was in talks with Reliance Industries (RIL) to sell its 23.87 per cent stake in Infrastructure Leasing and Finance Company (IL&FS), has bowled a googly.
He is not a regular corporate honcho. The appointment of Raj Nayak, often decsribed as 'the people's person' and 'go-getter' by his peers, as the CEO of Colors, the general entertainment channel of Viacom18, came as a surprise to many.
"Star Wars films are the very fabric of film-making. Lucas film-tested our creative sensibilities and our pipeline before choosing us," said Namit Malhotra, founder and global CEO, Prime Focus.
DE Shaw, a global private equity (PE) and hedge fund company, is close to acquiring a 14.2 per cent stake in New Delhi Television (NDTV) for Rs 70 crore (Rs 700 million).
The Life Insurance Council has made a representation to the Insurance Regulatory Development Authority (Irda), seeking some revisions pertaining to unit-linked products.
SET Max is cashing in on the feel-good factor surrounding cricket.
Prior to the attack, the size of the pool was around Rs1,400 crore.
Star Union Dai-ichi expects to break even within five years of starting operations.
Govt plans cap on third-party claims, three-year time limit for filing claims.
Nippon Life's plan to buy a stake in Reliance Life may be delayed as the deal requires special permission from the government.
Life Insurance Corporation of India, the country largest insurer, is in talks with the government to modify its investment norms to diversify the risk.
"There will be a spectrum of guarantees. For instance, there could be a guarantee on premiums paid or sum insured or rate of return or annuity," said an Irda official.
Life Insurance Corporation of India, Housing Development Finance Corporation and State Bank of India together own a little over 45 per cent in IL&FS. The deal is expected to be valued around $2.5 billion.
The finance ministry's plan to offer basic banking licences may find few takers because of doubts over the commercial viability of the proposed business model.
"The main point is managing this growth so as to make it sustainable. Our aim is to grow by at least 25 per cent on-year during 2011-12."
LIC is also working on a new model to scan loan applications.
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