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The merger of Indian general insurers United India Insurance Co. Ltd., The Oriental Insurance Co. Ltd. and National Insurance Co. Ltd. could result in the loss of 15,000 jobs, Domain-b reports. The country's finance ministry expects the merger to help eliminate business competition among the three.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms