Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance June 19, 2024 Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for...
India’s GIFT-City Financial Hub Plans to Grow in Re/Insurance, Direct Listings November 30, 2023 By Saikat Das Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for...
India Tunnel Collapse Shows Risk of Construction in Fragile Himalayas November 20, 2023 By Lou Del Bello For nearly a week, 40 workers have been trapped in an under-construction tunnel after a landslide demolished its entrance, derailing...
India Insurance Startup Raises Funds at $650 Million Valuation October 11, 2023 By Sankalp Phartiyal Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than...
Aon Plc Acquires India’s Global Insurance Brokers October 6, 2023 Global Insurance Brokers, a major provider of risk management, insurance, and reinsurance broking services in the Indian subcontinent, announced its...
India Pursues Insurance, Gaming Firms Over Alleged Tax Evasion September 28, 2023 By Shruti Srivastava and Advait Palepu Indian authorities sent a $208 million tax demand to a private insurer, the latest in a growing list of firms...
India’s Reliance Hunts for CEO of Jio Financial Services’ Newly Created Insurance Biz August 31, 2023 By Preeti Singh and P R Sanjai Reliance Industries Ltd. is in discussions with global and domestic executive headhunters to find a leader for Jio Financial Services...
Chubb Seeks 49% of India’s Kotak General Insurance, Has Edge Over Zurich: Sources July 25, 2023 By M. Sriram U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a...
Zurich Insurance Eyes Buying $400M Stake in General Insurance Arm of India’s Kotak June 14, 2023 By M. Sriram Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct...
Indian Tycoon Piramal, TPG Inc. Weigh Selling Stakes in Shriram General: Sources March 28, 2023 By Baiju Kalesh Billionaire Ajay Piramal and TPG Inc. are considering selling their stakes in Shriram General Insurance Holdings Co., according to people...