LIC insurance behemoth bought 46%shares of RCF

LIC  insurance behemoth bought 46% shares of RCF : Life Insurance Corporation of India (LIC) once again played the role of a white knight to rescue the share auction of Rashtriya Chemicals and Fertilizers (RCF) by the government.The insurance behemoth bought 46%, or 31.63 million of the 69 million shares on offer of RCF during its offer for sale (OFS) last week.This is not the first time LIC has

RBS Direct Line Insurance stock down today

RBS Direct Line Insurance stock down today : The shares of Royal Bank of Scotland  (LSE: RBS  ) (NYSE: RBS  )  slipped 1 pence to 305 pence during early London trade this morning after the bank announced late last night that it would sell more shares in Direct Line Insurance  (LSE: DLG  ) .RBS confirmed it would offer 229.4 million shares -- equivalent to 15.3% of Direct Line's share capital --

Fitch Ratings Etiqa Insurance Berhad financial strength rating at A

Fitch Ratings Etiqa Insurance Berhad financial strength rating at 'A' : Fitch Ratings has affirmed Malaysia-based Etiqa Insurance Berhad's insurer financial strength rating at 'A' with stable outlook. Fitch says the rating reflects EIB's broad distribution coverage, strong premium growth, a track record of sound operating performance and its status as a core member within Maybank Ageas Holdings

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