allianz se

Bajaj Finserv has rebranded its insurance businesses to Bajaj General Insurance and Bajaj Life Insurance, signifying 100% Indian ownership after acquiring allianz se's stake. The campaign "100% Bajaj. Made in India. Made for India. Made by India" highlights their commitment to policyholders and expanding insurance penetration across the nation.

Allianz Life Insurance Company of North America faced a significant hacking incident. Hackers accessed a third-party system. They obtained personal data of many customers, financial professionals, and some employees. The company is investigating and has notified the FBI. Allianz Life is offering identity theft protection. The breach only affected Allianz Life in the US.

Bajaj Allianz General Insurance has launched an 'extended warranty plan' for consumer durables, under which a customer will be able to extend the warranty period for 12 months after expiry of the manufacturer's product warranty.

Jio Financial Services, controlled by Mukesh Ambani, is in early discussions with allianz se to form new insurance partnerships in India, covering general and life insurance. Allianz is considering exiting its current ventures with Bajaj Finserv. This move aligns with Jio's ambitions to expand its financial services, leveraging India's growth potential in the insurance sector.

JM Financial Credit Solutions will sell a 2.1% stake in its home loans subsidiary to Bajaj Allianz Life Insurance for ₹65.5 crore. The deal, expected to close by August 31, will reduce JMFCSL’s holding in JM Financial Home Loans from 8.98% to 6.88%. Consequently, JM Financial’s stake in the home loans unit will decrease to 96.66%.

Bajaj Auto could also sell (has a put option) its stake in insurance firms, under the same terms and conditions.

The G8 Climate Scorecards 2008 says that the US has done the least among the world's eight biggest economies to address global warming.

Allianz and Jio Financial Services are partnering for reinsurance in India. The 50:50 venture aims to deepen their presence. They also plan potential ventures in life and general insurance. This follows Allianz's exit from its Bajaj Finserv venture. Jio Fin, a new financial services group, is expanding its offerings. allianz seeks to play a key role in India's risk management.

The Life Insurance Corporation of India (LIC) has moved up in the rankings of insurers in terms of non-bank assets. Despite the depreciation of the rupee, LIC is now at the 12th position on the global list compiled by AM Best. LIC's net premiums rose by 10.9% to $57.7 billion, while non-banking assets increased by 7.6% to $554 million. Ping An Insurance (Group) Company of China Ltd. surged to second place with $960.7 billion in assets. LIC is also ranked fourth globally by Standard & Poor's with $503 billion in reserves, ahead of MetLife and Prudential Financial.

Mumbai, May 30 () Bajaj Allianz General Insurance's net profit increased by 44 per cent to Rs 208 crore in the fourth quarter ended March 31. The private sector non-life insurer had reported a net profit of Rs 144 crore in the corresponding period of the previous fiscal.

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If you forgot to lock your vehicle, then you may as well forget to claim insurance too. For, this will not be labelled as 'theft' per se. A consumer forum in Vadodara dismissed a complaint filed by an owner of a vehicle whose insurance claim was rejected by the insurance firm on similar grounds.

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The controversial process of issuing letters of intent on first-come-first-served basis is poised for a fresh hurdle.

LIC, with $503.7 billion reserves, is the fourth largest insurer globally. allianz se, China Life Insurance, and Nippon Life Insurance are the top three. LIC is the only Indian company in the top 50. European companies dominate, with the UK having the most. Despite India's small share in global life insurance, LIC has a disproportionate market share. In terms of premium income, India ranks seventh globally. Asia has the second-highest number of insurers, with China and Japan leading. MetLife is the largest US-based insurer, ranking seventh globally.

The trial is expected to take around two weeks. The jury will decide whether there was a conspiracy to rig the foreign currency market, and whether Credit Suisse was involved in one or more schemes.