SBI Life Insurance IPO Only After 2016-17

The initial public offering (IPO) of SBI Life Insurance, a joint venture between State Bank of India and BNP Paribas Cardiff, will happen only after the current financial year, sources said. (BS)

The largest domestic institutional investor, Life Insurance Corporation of India (LIC), has raised its stake in 18 of the 30 Sensex companies in 2015-16. (FC)

Health Insurance, Motor Insurance drove the growth for the non-life insurance industry during 2015-16. (FC)

HDFC Standard Life Insurance, a joint venture between India's HDFC and Britain's Standard Life Plc, is set to mandate four banks to manage a planned initial public offering worth up to $500 million, IFR reported on Thursday, citing people close to the deal. (ET)

French insurer AXA SA is in talks to sell its entire U.K. life and savings business for about 650 million pounds ($952 million), as the French insurer continues its withdrawal from parts of Europe plagued by sluggish growth. (wsj.com)

Oklahoma Gov. Mary Fallin has signed seven pieces of legislation into law, including a bill that requires health insurers to cover the treatment of children with autism. (washingtontimes.com)

Derek Wing has been hired to manage external communications at PEMCO Insurance, Seattle, serving as the face of PEMCO’s public and media relations and helping to drive the company’s brand. (sampan.org)

JDi Data Corporation announced the acquisition of Claims Dispatcher software from PH Claims, a Florida based provider of independent insurance software. (prnewswire.com)

The Federal Emergency Management Agency has lifted a suspension of flood insurance policies to give the city time to revise its flood ordinance. (indystar.com)

A national organization representing insurance agents and brokers will conduct its annual four-day fall convention in downtown Springfield in 2018.  (masslive.com)

Aviva Insurance announced that it’s developed an affordable insurance product that would “bridge the insurance gap in Quebec.”(mobilesyrup.com)