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India Proposes to Remove Foreign Direct Investment (FDI) Limit in Insurance Sector

JD Supra: Mergers

India's insurance sector is poised for a major transformation following the Finance Minister of Indias February 1, 2025 announcement of a proposal to increase the FDI limit in the sector from 74% to 100%. This development presents opportunities for foreign investors in one of the world's fastest growing insurance markets.

Insurance 165
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Global Banking and Finance – 2024 Insurance Predictions

Global Banking & Finance

Global Banking and Finance – 2024 Insurance Predictions Janthana Kaenprakhamroy, Founder and CEO of Tapoly As we edge closer to 2024, the global insurance landscape is poised for a transformation driven by technological advancements, evolving customer expectations, and changing regulations.

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UK’s Hiscox to sell Singapore and Thailand insurance business

Global Banking & Finance

UK’s Hiscox to sell Singapore and Thailand insurance business (Reuters) – British insurer Hiscox said on Wednesday it has agreed to sell DirectAsia, its motor insurance business in Singapore and Thailand, to Ignite Thailand Holdings following a strategic review. Reporting by […]

Insurance 124
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Personal finance: Here are the money changes and PF deadlines for June 2023

Business Standard - FInance

Personal finance: From more expensive third-party motor insurance to pricey E2Ws to new rules for safe deposit lockers, read it all here

Finance 98
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Private M&A: Year in Review and Outlook

JD Supra: Mergers

In a year generally marked by caution in dealmaking, the Canadian market saw heightened regulatory scrutiny, the growth of private capital financing and the effects of a mature representation and warranty insurance industry. By: Blake, Cassels & Graydon LLP

M&A 165
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Go Digit Life Insurance gets Irdai nod to carry life insurance business

Business Standard - FInance

Regulator Irdai on Friday said it has given permission to Go Digit Life Insurance Limited to carry the life insurance business in India. Go Digit, a firm backed by Canada-based Fairfax Group, is already in the general insurance business.

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Beyond Traditional Insurance: The 831(b) Plan’s Response to Market Challenges

Global Banking & Finance

Beyond Traditional Insurance: The 831(b) Plan’s Response to Market Challenges By Van Carlson, Founder and CEO of SRA 831(b) Admin The Hardening of an Insurance Market: Then and Now The insurance market operates in cycles, influenced by a myriad of factors.

Insurance 111