The Life Insurance Council will go to polls here on July 31 to elect three members of its Executive Committee (EC)

The three are to be elected from among the six in the fray, all heads of various private life insurers. (ET)

HDFC Chairman Deepak Parekh today said the Scottish partner in its life arm is keen to hike its stake to 35 per cent from the current 26 per cent following the new insurance law that raised foreign holding cap to 49 per cent. (ET)

Apollo Munich today launched the country’s first exclusive over the counter for an infectious disease like Dengue. The policy covers both hospitalization and outpatient expenses and is available at a premium of Rs. 444, and provides Rs. 50,000 inpatient and Rs. 10,000 OPD coverage. (

Over six months after the Chief Minister Health Insurance Scheme to provide free-of-cost treatment up to Rs.50,000 at all state government hospitals and other referred higher medical centres was launched, CM Harish Rawat on Tuesday said his state government is considering increasing the amount up to Rs.2 lakh for each person. (TOI)

The Louisiana Department of Insurance said it would shutter its state health plan by the end of the year. Only 17,000 people out of Louisiana’s population of 4.6 million had enrolled in that plan, which was operating at a medical-loss ratio of 113 percent. (

HM Life Insurance Company, a member company of HM Insurance Group, has been named to Ward’s 50® Top Performing Insurance Companies for 2015. This is the seventh consecutive year that the national stop loss carrier has been among this elite group that was selected from nearly 800 life-health companies across the country. (

Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States, recently announced a new cyber insurance program, which offers a customized solution for data security and other risks restaurants face. (

(Nasdaq: CINF) announced that John A. Davis and Paul B. LeStourgeon joined The Cincinnati Insurance Company, adding expertise to the newly expanded reinsurance assumed initiative known as Cincinnati ReSM. Davis and LeStourgeon report to James W.B. Hole, managing director, head of Cincinnati Re. (

A public-private cyber catastrophe reinsurance scheme would improve UK cyber resilience, according to a Long Finance report by Z/Yen Group, co-sponsored by APM Group. (

In line with the popular demand of local consumers, Bupa Arabia launched a unique insurance policy tailored to Saudi individuals, the Individual Healthcare Product.  (

After a couple of months without one, Florida gets a new insurance consumer advocate starting Aug. 3, state officials said today. She is Sha’Ron James, a Tallahassee resident who has served as the director of the Department of Financial Services’ Division of Rehabilitation & Liquidation. (

Fola Daniel who is the commissioner for insurance of NAICOM states that the Nigerian insurance industry now ranks as the second largest in Africa, The Punch reports. (


Sundaram Finance Ltd has acquired the entire 26% held byRoyal & Sun Alliance Insurance PLC in Royal Sundaram Alliance Insurance Company Limited (Royal Sundaram). Total consideration was around Rs 450 crore. (BS)

Zurich Insurance Group said that any offer it might make for British rival RSA (RSA.L) would likely be in cash. (

IAM Surety – part of the company formerly known as Adelaide Insurance – was also named best value in the UK in 2012 and 2013. Adelaide Insurance was renamed Cornmarket Insurance Services last year when it adopted the name of its parent company. (

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $49 million, or $0.62 per diluted share, and operating income after tax of $72.2 million, or $0.99 per diluted share, for the second quarter of 2015. (


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