August 29, 2016 5:01 AM ET

Insurance

Company Overview of Cholamandalam MS General Insurance Company Ltd.

Company Overview

Cholamandalam MS General Insurance Company Ltd. provides general, property and casualty, and life insurance for individuals and corporates in India. It offers health, car, travel, personal accident, and home insurance individuals; and health, fire insurance, engineering projects, engineering operations, property crime, marine, and liability insurance for corporates. The company also offers comprehensive risk management and engineering solutions in the fields of safety, health, environment, and insurance support. Cholamandalam MS General Insurance Company Ltd. is a joint venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. The company was founded in 2001 and is based ...

2nd Floor

Dare House

No. 2 N.S.C. Bose Road

Chennai,  600001

India

Founded in 2001

Phone:

91 44 3044 5400

Fax:

91 44 3044 5550

Key Executives for Cholamandalam MS General Insurance Company Ltd.

Managing Director and Director
Chief Financial Officer, Chief Risk Officer and Senior Associate Vice President of Finance
Vice President of Operations
Age: 55
Chief Information Officer and Vice President
Chief Compliance Officer, Chief of Internal Audit, Vice President of Internal Audit and Company Secretary
Compensation as of Fiscal Year 2016.

Cholamandalam MS General Insurance Company Ltd. Key Developments

Cholamandalam MS General Insurance Company Ltd. Announces Earnings Results for the Third Quarter of 2015

Cholamandalam MS General Insurance Company Ltd. announced earnings results for the third quarter of 2015. The company registered a gross written premium of INR 6,140 million during the quarter as against INR 4,050 million, a growth of 52%. PAT for the quarter was at INR 340 million as against INR 390 million compared with corresponding quarter in the previous year.

Cholamandalam General Insurance Company Ltd. Announces Unaudited Earnings Results for the Second Quarter Ended September 30, 2015

Cholamandalam General Insurance Company Ltd. announced unaudited earnings results for the second quarter ended September 30, 2015. For the quarter, the company reported gross written premium of INR 6,120 million against INR 5,300 million a year ago, growth of 16%. PAT was INR 320 million against INR 420 million a year ago.

MS&AD Reportedly To Raise Stake In Cholamandalam MS General Insurance

MS&AD Insurance Group Holdings, Inc. (TSE:8725) is looking to raise its stake to 49% from 26%t in Cholamandalam MS General Insurance Company Ltd. people familiar with the matter said. "Mitsui is in advanced stages of discussion to increase stake in Cholamandalam General Insurance," said a senior executive close to the development. In response to an email query from ET, the company spokesperson said, "As a matter of corporate policy we do not respond to such speculative pegs."

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 25, 2015
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