Archive for April 17th, 2011
Foreign Entities Would Like to Own 49% of Joint Venture Indian Insurers. When Will it Happen?
Sunday, April 17th, 2011A bill is pending for increasing the foreign investment in insurance joint ventures to 49%.
However, an existing regulation requires that after completing 10 years of operation, overseas investment in such companies would have to be brought back to 26% anyway.
So the new law would be relatively useless.
European Insurers / Reinsurers Want European Commissioner to Deal With Solvency II
Sunday, April 17th, 2011“It is absolutely imperative that changes are made to the overly conservative approach being adopted in several areas,” says the letter to Commissioner Barnier, which is co-signed by:
the CEA, the European insurance and reinsurance federation;
the Pan European Insurance Forum;
the CFO Forum;
and the CRO Forum.
Australian Insurance Companies May Issue Catastrophe Bonds
Sunday, April 17th, 2011Insurance Australia Group is said to have calculated numbers over its cat bond issue. Suncorp Group is also considering tapping the market.
A senior executive at IAG or Suncorp said the rising cost of reinsurance made the pricing of the bonds attractive.
The Mobile Media and Technology Revolution
Sunday, April 17th, 2011 Mobile Revolution – MobileMarch-2011
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