NEW MOVES FROM IFFCO-TOKIO

Indian joint venture insurer Iffco-Tokio, has signed a memorandum of understanding with farm vehicle manufacturer Sonalika Group, under which Iffco-Tokio will act as a distributor of motor insurance for Sonalika Tractors and Rhino Vehicles. Sonalika has 770 dealerships throughout India. Meanwhile, Iffco-Tokio has also launched an e&o policy for the IT sector through a tie-up with UK-based insurer Hiscox. The policy protects consultants and vendors against litigation because of software failure, failed implementations and failure of hosted services.