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ING To Divest Insurance Operations Monday 26, October, 2009 -- ING To Divest Insurance Operations, Launch EUR7.5 Billion Right Issue In a major restructuring move, Dutch bancassurer ING Groep NV (ING) said Monday it would separate all banking and insurance operations and divest its insurance and investment-management operations, and it also said it would rep . . . . . . Bajaj Allianz insurance CEO likely to quit Saturday 24, October, 2009 -- The massive competition among insurers to expand their topline growth is now taking a toll on the top management of these companies. After two insurance companies in Future Generali fold saw top brass rejig, now it is the turn of another two insurance companies in Bajaj (BAJAJAUTO.NS : 2101.05 0) Al . . . . . . Magma awaits IRDA nod to start general insurance biz Saturday 24, October, 2009 -- Kolkata-based non banking financial corporation Magma Fincorp Ltd has got necessary approvals from the Reserve Bank of India for its proposed general insurance venture jointly with HDI-Gerling International Holding AG of Germany. Now we are waiting for IRDA approvals. Normally it takes four-six mont . . . . . . Insurance brokers in a fix over IRDA red tape Friday 23, October, 2009 -- New Delhi, Oct. 21 -- Brokers who sell insurance policies to companies are miffed with the industry regulator for its delays in approving a renewal of their licences, saying it is hurting their business. The regulator, on the other hand, says the delay is arising from a spate of applications for ren . . . . . . Canara HSBC Oriental Bank of Commerce Life Insurance Thursday 22, October, 2009 -- Canara HSBC Oriental Bank of Commerce Life Insurance is the first company to make immediate payouts on death claim. Canara HSBC Oriental Bank of Commerce (ORIENTBAN.NS : 266 +5.7) Life Insurance Company Limited - a partnership between two of India's largest public sector banks, Canara Bank and Or . . . . . .

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