Chubb launches Indian auto insurance joint venture. (Marketplace: Property/Casualty).HDFC HDFC Housing Development Finance Corporation (India) HDFC Housing Development Fund Corporations (New York City limited-equity, low income, housing cooperatives) HDFC Huntington's Disease Family Center Chubb General Insurance Company Ltd., a joint venture between HDFC, a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company in India, and the Chubb Corp., began official operations in October. HDFC Chubb also said that it would begin to offer motor insurance policies. Under Indian law Indian law Legal practices and institutions of India. Indian law draws on a number of sources, beginning with the customs of the ancient Vedas and later accretions of Hindu law, which largely concern social matters such as marriage and succession. , all private-passenger cars, motorcycles, scooters and commercial vehicles must be insured. Initially, HDFC Chubb will offer insurance to owners of private-passenger cars and two-wheel vehicles. The product will be available through a network of auto dealers, HDFC offices and agents. HDFC Chubb Chairman Deepak Parekh, Dean R. O'Hare, who was Chubb chairman and chief executive officer at the time of the announcement, accompanied by Robert Blackwill Robert Dean Blackwill (August 8, 1939)[1] is an American lobbyist and retired diplomat. Blackwill was the United States Ambassador to India (2001-2003), and United States National Security Council Deputy for Iraq (2003-2004), where he was a liaison between Paul Bremer , the U.S. ambassador to India, presided at the opening ceremonies at the firm's headquarters in Mumbai. Offices in New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , Bangalore and Hyderabad were opened simultaneously. In the future, HDFC Chubb plans to introduce several other insurance products, including home, accident & health and commercial coverages. HDFC holds a 74% interest in the joint venture, while the Chubb Corp. ownership, through its subsidiary Chubb Global Financial Services Corp., is 26%. HDFC, a pioneer in housing finance in India, is supported by a distribution network of more than 125 offices across the country, serving customers in more than 2,400 cities and towns. |
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