DAI ICHI LIFE HOLDINGS
Japan's Nikkei edges up as financials, export shares rise
Japan's Nikkei share average edged up on Monday as export-related stocks rose on a weaker yen following stronger-than-expected U.S. jobs data and a rise in domestic yields boosted financial stocks.
Dai-ichi Life invests $40mn in RenewBuy's holding company
This is part of the company's Series D fundraise while the promoters are negotiating with a few other investors to mobilise another $10-20 million in primary deals.
NPS rule change: PFRDA allows these investors to buy multiple annuities from the same life insurance company
The Pension Fund Regulatory Development Authority (PFRDA) has informed that it will now allow multiple Annuities for those NPS Subscribers who earmark the annuity corpus more than Rs 10 lakh wherein Rs 5 lakh utilised to buy each annuity scheme.
India’s $1 trillion bond market sees growing share of retirement savings
The change has been incremental, with insurers owning 26% of government bonds at the end of December, up from 22% in 2010, according to finance ministry data. Their presence is likely understated thanks to the popular use of a derivative trade, worth $19 billion by some estimates, which masks purchases.
Does your insurance company have money to pay claims easily? Find out here
Solvency ratio of insurance companies: We buy insurance policies to financially secure the future of our loved ones in the time of unexpected and untimely events such as loss of life, loss of property, etc. Therefore, as a policyholder, it is important for you to know about the company’s overall financial health and capability to pay the claims. The solvency ratio is one of the key determinants that suggests whether an insurer can stay solvent in the long run or not. Let’s understand what it is and how it works.
SUD Life new business premium jumps 66% to Rs 1,926 crore in FY22
SUD Life is a joint venture between public sector banks -- Bank of India and Union Bank of India -- and Dai-ichi Life Japan. The life insurer said it honored about Rs 687 crore on gross claims during FY22, as against Rs 271 crore during the same period last year. The annual claim settlement score registered an improvement of 253.50 per cent, SUD Life said in a release.
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SUD Life registers 80 pc jump in new business premium to Rs 1,309 crore in Dec quarter
The company's 13th-month persistency ratio now stands at 78.77 per cent, compared with 76.34 per cent. The solvency as of December 31, 2021, stood at 1.86 times.
Union AMC appoints Sanjay Bembalkar as equity fund manager
Prior to joining Union AMC, Bembalkar was working with Canara Robeco Asset Management Co Ltd as Fund Manager – Equities, where he managed some of the flagship equity funds since October 2019.
Asia's factories sustain expansion, supply chain woes cloud outlook
China's factory activity expanded at the fastest pace this year in May on solid demand at home and overseas, though sharp rises in input prices and strains in supply chains crimped some firms' production
Union AMC aims to double AUM to Rs 10,000 crore
Union AMC's plan also comes against the backdrop of the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India, which is the co-sponsor of the fund house along with Japan's Dai-ichi Life Holdings.
Bajaj Allianz Life appoints Santanu Banerjee as CHRO
Banerjee will lead the HR function and will be responsible for strategic direction of people management, including talent acquisition, training and development, performance management, organisational effectiveness, and succession planning.
Union Bank plans to lower stake in IndiaFirst Life to less than 10%
As per IRDA guidelines, one promoter cannot hold more than 10 per cent stake in two insurance ventures.
Bank of India may Sell 27% in Star Union Dai-ichi Life
A senior executive said the bank is seeking to sell the stake by the end of the financial year.
Exim Bank raises $50 million from pilot social impact bonds
The bank said this is a new fund source tapped by it and has been tapped as a pilot.
Bank of India looks to divest insurance JV stake for $160 million
BoI is looking to sell 64.9 million shares, or 25.02 per cent stake, in Star Union Dai-ichi Life Insurance Co.
Nikkei slides, weak US retail sales trigger profit-taking
The Nikkei share average dropped 1.1 per cent to 20,900.63, retreating from a two-month high of 21,235.62 hit on Thursday.
BoI eyes Rs 1,200 crore from exiting life insurance arm Star Union
While BoI owns 28.96 percent in the JV, UBI holds 25.10 percent, and Dai-chi is the singel largest shareholder with 45.94 percent stake.
Nikkei closes at lowest since March on global growth concerns
The Nikkei share average ended 0.3 per cent lower at 21,148.02.
Nikkei hits 1-1/2-week low on global economy worries
The Nikkei share average dropped 0.5% to 21,919.33, the lowest close since Nov. 26.
Nikkei tumbles, foreigners sell exporters and financials
The Nikkei share average ended 2.4 per cent lower at 22,036.05 points.
Nikkei falls as Docomo sparks telecom earnings fears; Rakuten rises
The communications sector tanked 8.3 percent and was the worst performer on the board.
Nikkei ends higher on robust Chinese exports, rising US stock futures
The Nikkei share average gained 0.5 per cent to 22,694.66
Nikkei drops to 1-week low on profit-taking but automakers, financials rise
Asian shares were overall weak on the back of a strong dollar and rising US yields.
Nikkei falters as automakers slide on weak US sales
Financial stocks also lost ground, with Dai-ichi Life Holdings sliding 2.9 per cent.
Nikkei hits near 8-mth high, Topix also jumps; insurers rally after US yields rise
The Nikkei share average ended 1.1 per cent higher at 23,672.52
Nikkei has best gain in 5 weeks, insurers rise and US tariffs shrugged off
The index opened lower but ended 1.4 per cent higher - its biggest one-day gain in five weeks
Nikkei snaps 6-day losing streak on upbeat Japan GDP, trade worries remain
Rise in US bond yields following strong US jobs data on Friday, helped financial shares.
Yield surge may prompt India to cut sales of short-term debt
The benchmark 10-year yield rose above 8 per cent last week for the first time since May 2015.
Dai-ichi Life buys 39.62% stake in Union AMC
The mutual fund company would now be co-sponsored by Union Bank of India and Dai-ichi Life.
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