India approves listing of five general insurers: report

The Indian government has granted in-principle approval for five
state-owned general carriers to list on the country's stock
exchange.
According to the Asia Insurance Review, the Indian
Cabinet Committee on Economic Affairs earlier this week approved
applications from The New India Assurance, United India Insurance,
Oriental Insurance, National Insurance and GIC Re to go public.
The government plans to cut its shareholdings in the companies
to 75 percent from 100 percent in one or more tranches,