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News From Press Merger of 3 PSU non-life insurers may be delayed

Merger of 3 PSU non-life insurers may be delayed

Source: The Economic Times Jul 12, 2018

The merger of the three state-owned non-life insurance companies — National Insurance, Oriental Insurance and United India Insurance — is likely to be taken up only under the next government. The Centre has shortlisted chief executives for the three firms and has sought interest from consultants for advice on the merger.

According to industry insiders, the move to appoint chief executives for the individual firms is an indication that the Centre is not in a hurry to merge them. The gove ..

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