buffett: Warren Buffett deepens insurance exposure with $11.6 billion Alleghany deal

Warren Buffett‘s Berkshire Hathaway has struck an $11.6 billion deal to buy Alleghany Corp, the owner of reinsurer TransRe, just weeks after the 91-year-old billionaire bemoaned the lack of good investment opportunities. Alleghany adds to Berkshire’s already large insurance portfolio, which includes Geico auto insurance, General Re reinsurance and a unit that insures against major … Read more

Something seems to be wrong with ICICI Lombard

I have a ICICI Lombard Car insurance policy coming up for renewal. and here is my experience – Tried renewing it on ICICI Lombard’s website and it was just not responding. I tried for straight two days. Tried to do it on Coverfox – ICICI Lomard’s quoted premium was 3x of others I didn’t bother … Read more

ICICI Lombard launches BeFit cashless OPD and wellness solution to users

ICICI Lombard has launched BeFit,  a service provided through its ILTakeCare app that gives customers benefits of complete OPD services—that is, doctor consultation, pharmacy, diagnostics services, etc.—on a cashless basis. “The solution empowers customers to benefit from a host of wellness services. As good health and immunity gain importance, this comprehensive solution will come in … Read more

ICICI Bank gets IRDAI approval to reduce stake in ICICI Lombard

As at June 30, 2021, ICICI Bank held 51.87% of the equity stake in ICICI Lombard – the general insurance business. On September 3, 2021, ICICI Lombard informed the exchanges about receipt of approval from Insurance Regulatory and Development Authority of India (IRDAI) for ICICI Bank to reduce the stake in Lombard to 30%. The … Read more