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International

Regulator calls for capital increase prior to insurers' merger

May 21, 2018 Reprints

India's finance ministry wants three government-owned insurers to infuse 100 billion Indian rupees ($1.5 billion) to boost their risk buffers and capital prior to their merger, Bloomberg reported. The regulator wants the three insurers – National Insurance Co. Ltd., Oriental Insurance Co. Ltd. and United India Insurance Ltd. – to bring their solvency margin to the mandatory 1.5 times their liabilities.

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Regulator calls for capital increase prior to insurers' merger

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