Sbi General Insurance

According to the company’s release, the company’s health business grew 41 percent, personal accident (PA) segment rose 48 percent, and the motor insurance portfolio expanded 17 percent

SBI General Insurance, SBI Mutual Fund under consideration for IPO, says Chairman Setty

Responding to questions about the initial public offering (IPO) plans for SBI General Insurance, Setty said no fixed schedule has been set.

Warburg Pincus said to be in talks to sell stake in SBI General Insurance

Premji Invest and New York-based Warburg Pincus agreed to buy 16.01% and 9.99% of SBI General Insurance, respectively, in 2019 from Insurance Australia Group Ltd. in a transaction that was completed in 2020.

SBI General Insurance FY25 profit soars 112% on-year to Rs 509 crore

Excluding the impact of the 1/n accounting norm, the company's filing says, SBI General’s GWP growth was even stronger at 14.5 percent, growing 1.7 times faster than the industry

SBI General Insurance Certified as Great Place To Work

The Great Place to Work Certification serves as a confirmation of SBI General’s s commitment to supporting its workforce and delivering top-notch service to its customers.

SBI General FY23 net profit jumps 40% Rs 184 crore, premium up 17.6%

The company said it could sustain the strong growth momentum through the year, as visible from the 40 per cent jump in net profit and 17.6 per cent growth in gross premium over the 12 trailing months.

SBI General showcases enhanced buying journey of health insurance on WhatsApp

This will further enable easy access to insurance products through the popular messaging platform.

SBI General Insurance appoints Paritosh Tripathi as MD & CEO

He succeeds P C Kandpal, who has been posted as Deputy Managing Director (DMD)-(P&RE) at the Corporate Center, State Bank of India (SBI).

SBI General Insurance appoints Prakash Chandra Kandpal as MD & CEO

A seasoned banker, Kandpal, has more than 33 years of experience with SBI. He has an experience in both retail and international banking, human resource, technology, and learning and development. He also had a stint in SBI Mutual Fund as the chief operating officer.

Universal Sompo ropes in Sharad Mathur of SBI General Insurance as CEO

Universal Sompo is a joint venture between Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments Corporation and Sompo Insurance of Japan. It employs over 1,000 people across 86 branches and 17 zonal offices.

Diversifying the product lines worked well for us: Pushan Mahapatra, SBI General Insurance MD & CEO

SBI General Insurance's gross written premium rose 45 percent YoY to Rs 6,840 crore in FY20.

CCI approves stake buy in SBI General Insurance by Napean Opportunities, Honey Wheat

The transaction involves acquisition of 16.01 per cent paid-up share capital of SBI General Insurance by Napean Opportunities and 9.99 per cent by Honey Wheat Investment Ltd, the CCI said in two separate statements.

Exclusive | Warburg Pincus-PremjiInvest lead race for 26% stake in SBI General Insurance

Of this 26 percent stake, PremjiInvest -- the family office of Wipro founder Azim Premji -- is likely to pick up a higher stake than Warburg Pincus and may get a board seat as part of this proposed transaction.

More IPOs from insurance companies will benefit industry: Pushan Mahapatra, CEO, SBI General Insurance

The insurer will come out with its IPO in FY20.

SBI General launches cyber defence insurance for businesses

In the initial phase, the focus will be on SMEs and mid-market businesses, but later the product can cater to larger business conglomerates as well, the insurer said in a statement.

SBI General Insurance Q3 profit up 53% at Rs 89 cr

SBI General recorded its sustainable underwriting profit of Rs 49 crore in quarter as against an underwriting loss of Rs 41 crore in the same quarter a year ago.

SBI General Q1 net profit up 126%; wipes out accumulated losses

Gross written premium collected grew by 52 percent to Rs 1,011 crore in the first quarter.

Underwriting to turn profitable in 2-yrs; see strong profits sustain: SBI General

they have been very careful in terms of the type of risks they write and so they are moving towards underwriting profits, said Pushan Mahapatra, MD & CEO, SBI General.

SBI General net zooms to Rs 251 cr on one-time income in Q2

The company's gross premium increased to Rs 926 crore from Rs 690 crore a year ago, of which crop insurance alone contributed Rs 306 crore during the reporting period

SBI General posts maiden profit, at Rs 153 crore in FY17

In an interaction with Moneycontrol, Pushan Mahapatra, MD and CEO, SBI General said that the insurer posted a profit of Rs 153 crore for FY17 as against loss of Rs 120 crore in FY16.

Paytm to Launch Financial Services Business to Offer Additional Services to its Customers

Paytm, India’s largest mobile commerce platform, is offering additional services for the benefit of its customers. It is all set to enter into ...

General insurance industry posts a 12.5% growth in Q1

Riding high on motor and fire premia and government-run social security schemes, the general insurance industry grew 12.5 percent in the April-June quarter mobilising Rs 23,418 crore in premium income.

Foreign firms interested to pitch in Nuclear insurance pool

With the Indian nuclear insurance pool falling short by Rs 600 crore towards becoming operational, some foreign companies have shown an interest in being a part of the initiative.

Australia's IAG to up stake in SBI Gen Ins from 26% to 49%

SBI General Insurance joint venture partner IAG Group will increase its stake in the company from 26 percent to 49 percent, SBI MD VG Kannan told CNBC-TV18.

SBI General hopes to break even by FY15

Private sector general insurer SBI General Insurance hopes to break even by FY15 on the back of better underwriting practices, a top company official said today.