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S&P Global Market Intelligence offers our top picks of insurance news stories and more published throughout the week. Please note that some entries may have links to third-party sources that may require a subscription.
Chinese, Indian insurers plan IPOs
* India-based ICICI Lombard General Insurance Co. Ltd. reportedly started talks with investment bankers about a potential IPO in the second half of the fiscal year ending March 31, 2018. If the plan pushes through, the company would become the first private general insurer in India to go public. ICICI Lombard is a joint venture between ICICI Bank Ltd. and Canada-based Fairfax Financial Holdings Ltd.
* People's Insurance Co. (Group) of China Ltd. decided to revive its plan to list on the Shanghai Stock Exchange. The company, which is already listed on the Hong Kong exchange, said the offering size will be determined according to its capital requirements.
* Meanwhile, State Bank of India's board gave in-principle approval to raise SBI Life Insurance Co. Ltd.'s stake sale through a planned IPO to 12% of shares from...