September 23, 2017 11:02 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
Executive VP and Head of Marketing & Operations
Executive VP & Head of Technical
Age: 51
Whole Time Director
Compensation as of Fiscal Year 2017.

Cholamandalam MS General Insurance Company Ltd. Key Developments

Union Bank of India Inks Pact for Distribution of Insurance Products with Bajaj Allianz General Insurance and Cholamandalam MS General Insurance

Union Bank of India has entered into a corporate agency agreement with Bajaj Allianz General Insurance and Cholamandalam MS General Insurance for distribution of their insurance products. The bank already has a corporate agency agreement with The New India Assurance. The partnerships will bring the best of non-life insurance products to the bank's customers.

Cholamandalam MS General Insurance Company Ltd. Announces Earnings Results for the Year Ended 2017

Cholamandalam MS General Insurance Company Ltd. announced earnings results for the year ended 2017. For the year, the company reported gross written premium (Incl. RI Accept) of INR 31,425 million against INR 24,658 million a year ago. Net written premium was INR 25,701 million against INR 20,575 million a year ago. PBT was INR 3,007 million against INR 2,163 million a year ago. PAT was INR 2,081 million against INR 1,480 million a year ago. Return on equity was 19.36% against 17.07% a year ago.

Cholamandalam MS General Insurance Company Raises INR 1000 Million on Private Placement

Cholamandalam MS General Insurance Company has announced the successful private placement of non-convertible debentures (NCDs) having face value of INR 1.0 million at par, aggregating to INR 1000 million. The coupon rate is 8.75% per annum with a maturity period of 10 years and a call option after 5 years. The funds raised through this issue would be used to fuel and facilitate business growth by further strengthening the company's solvency.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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