Poaching hurts key private general insurance cos badly

Some of the leading domestic general insurance companies have been hit by the exit of officials holding key positions. Officials of Bajaj Allianz General Insurance, HDFC Chubb General Insurance and Iffco Tokio General Insurance (ITGI) have been poached by other insurer and insurance broking companies. With many more new companies setting up insurance operations, there is now a strong demand for experienced professionals and there is always a high premium for them to join the new insurance players, reports Financial Express. More....