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Munich Reinsurance

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HDFC to acquire Apollo Munich Health Insurance for Rs 1,347 crore

The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country.The deal is subject to regulatory approvals and the entire......

After Llyod's, many reinsurers keen to start ops in India

After UK's Llyod's, there are many other top global reinsurers such as Munich Re, Swiss Re, Hannover Re and SCOR evincing interest towards starting operations in India after the passage of the......

Calamities make world economy poorer by $50 bn

It is not just the financial turmoil that consumed billions of dollars but also natural catastrophe, and such disastrous incidents resulting in global economic losses to the tune of $50 billion......

GIC expands global footprint

National reinsurer General Insurance Corporation has expanded its global footprint, aided by the financial crisis which has hit existing international reinsurance companies hard. The designated......

AIG caps CEO's salary at $1, no pay hikes in '09

Amid the financial crisis scourging the global markets, troubled insurance giant AIG has restricted itschief executive officer's salary to a nominal $1 for 2008 and 2009, while there would be no......

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