Gallagher Completes Acquisition of India’s Edelweiss Gallagher Insurance Brokers October 18, 2021 Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss...
India Plans to Let Foreign Investors Hold 20% Stake in Life Insurance Corp.’s IPO October 8, 2021 By Shruti Srivastava India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corp., according to...
New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round October 4, 2021 New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed...
India Likely to Block Chinese Investment in IPO of Insurance Giant LIC: Reuters September 23, 2021 By Aftab Ahmed, Manoj Kumar and Nupur Anand New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is...
Amazon Enters India Wealth Management with Investment in Smallcase Technologies August 18, 2021 By Saritha Rai Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech...
Indian Insurance Startup Policybazaar Files for $810M IPO August 2, 2021 BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion...
Mega IPO Planned for India’s Biggest Insurer July 14, 2021 By Vrishti Beniwal and Suvashree Ghosh India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead...
Tech Giants’ Move into Indian Financial Services Poses Stability Risk: Central Bank July 2, 2021 By Suvashree Ghosh India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems...
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round July 2, 2021 By Saritha Rai Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort...
Gallagher Acquires 100% Stake in India’s Edelweiss Gallagher Insurance Brokers July 2, 2021 Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India’s leading diversified financial...