The ICICI Prudential Life Insurance has picked arrangers for an initial public offering of as much as Rs.6,000 crore ($892 million), people familiar with the matter said, in what could be India’s biggest first-time share sale in six years. (FC)
BMW India Financial Services announced a tie up with ICICI Lombard General Insurance to offer motor insurance for BMW customers. (BS)
Dah Sing Financial Holdings Ltd. shares climbed the most in almost six weeks after the Hong Kong banking group agreed to sell its life-insurance operations to Fujian Thai Hot Investment Co. for HK$10.6 billion ($1.4 billion).
AXIS Capital Holdings Limited announced that Matt LoPiccolo has joined AXIS Insurance as U.S. Distribution Manager.
Liberty Mutual is pleased to announce three senior appointments to its Commercial Insurance operating unit.
Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., has announced the appointment of Erik Armellino as international head of Onshore Energy & Construction. (insurancejournal.com)
Individual sponsors who fail to provide health insurance for themselves, their employees and dependants by the June 30 deadline set by Dubai Health Authority will not face fines this year.
A grace period of six months has been offered by DHA as it plans to enforce the final stage of its mandatory health insurance scheme for all residents.