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| Home > Professionals > Insurers |
ICICI Lombard General Insurance Company
| ICICI Lombard General Insurance | Click here to find an office |
ICICI
ICICI Ltd., was established in 1955 by the World Bank, the Government of India and the Indian Industry, to promote industrial development of India by providing project and corporate finance to Indian industry.
Since inception, ICICI has grown from a development bank to a financial conglomerate and has become one of the largest public financial institutions in India. ICICI has thus far financed all the major sectors of the economy, covering 6,848 companies and 16,851 projects. As of March 31, 2000, ICICI had disbursed a total of Rs. 1,13,070 crores, since inception.
Lombard
Lombard Canada Ltd. is a leading insurance management company responsible for providing insurance management services for all of the Lombard group's commercial, personal, and specialized insurance companies. Canadian owned and operated, Lombard Canada Ltd. has its head office in Toronto and has annual sales in excess of $500 million and is a wholly owned subsidiary of Fairfax Financial Holdings Limited (FFH on the TSE).
Lombard Canada Ltd. has achieved a reputation for providing solid underwriting performance, diversified books of business and strong capital positions. Has received an A- rating from A.M. Best Company and claims paying ability received an A+ rating from Duff & Phelps Credit Rating Co.
The Joint Venture
ICICI Lombard General Insurance Company Limited, is a 74:26 joint venture between ICICI Bank, India's largest private sector bank and Lombard Canada Limited, one of the oldest property and casualty insurance companies in Canada. Lombard Group companies are amongst the largest equity shareholders in ICICI Bank Ltd with a 7.5% equity stake.
ICICI Lombard leverages ICICI Bank's strong brand equity, extensive distribution network and sound technological infrastructure to service customer needs. ICICI Lombard is assisted by Lombard Canada on domain knowledge, product innovation, business processes based on cutting edge technology and international best practices in the insurance business.
Commencing operations in September 2001, ICICI Lombard is one of the first private sector general insurance players to achieve break-even levels in the first full year of its operations. For the year gone by (2003-04), ICICI Lombard garnered premiums worth Rs. 2.15 billion and its net profits grew to Rs. 33 million.
As on April 31st 2003, ICICI Lombard has offices in 36 cities across the country. Over 125 relationship managers and 800 insurance advisors service customers across the country. The company also has a state-of-the art call center and an interactive website to enable customers to stay in touch.
ICICI Lombard has a major presence in the following segments:
Personal Needs
Business Needs
Travel & Health
Project Insurance
Liability Products
Professional Needs
Rural Products
Mr. Sandeep Bakhshi is Managing Director and CEO of the Company
Contact Address
ICICI Lombard General Insurance Co. Ltd.
South Tower 6th Floor
ICICI Towers,
Bandra Kurla Complex,
Bandra(East)
Mumbai-400 051.
Tel : 022-6531414
Fax: 022-6531111
E-Mail: info@icicilombard.com
URL: www.icicilombard.com
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