Central Bank of India (CBoI) on Thursday said it has completed acquisition of 24.91 per cent equity stake in Future Generali India Insurance Company Ltd (FGIICL) and 25.18 per cent equity stake in Future Generali India...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr
The Competition Commission of India (CCI) on Tuesday said it has approved Bajaj Group’s plan to acquire Allianz SE’s 26% stake in its life and general insurance ventures for a total consideration of Rs...
InsuranceDekho set to merge with RenewBuy
In a move that signals further consolidation in the insurance distribution landscape, two distributors-InsuranceDekho and RenewBuy-have signed merger documents through a share swap that will value the merged entity at...
Aviva’s $4.9 billion Direct Line deal faces UK competition probe
Aviva’s bid to become Britain’s largest home and motor insurer via a 3.7 billion pound ($4.92 billion) takeover of smaller rival Direct Line suffered a potential snag on Wednesday, after Britain’s...
Bajaj Group seeks CCI’s nod to acquire Allianz’s 26% stake in insurance JVs
Bajaj Group has sought the Competition Commission of India’s (CCI) approval to acquire a 26 per cent stake each in its insurance joint ventures Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance from...
Bajaj Group seeks CCI approval for Rs 24,180-cr Allianz stake buy
Bajaj Group entities have sought the Competition Commission of India’s approval for plans to buy out Allianz SE’s 26% stake in life and general insurance ventures for ₹24,180 crore, the largest deal in the...
LIC hikes its stake in Bank of Baroda to 7.05%
Insurance behemoth LIC on Monday said it has increased its stake in state-owned Bank of Baroda (BoB) by nearly 2 per cent to 7.05 per cent. The life insurance company has acquired additional 10.45 crore shares from open...
Helvetia, Baloise to merge into Switzerland’s second-biggest insurance group
Helvetia and Baloise plan to merge into what would be Switzerland’s second-largest insurance group with a combined market share of about 20%, the firms said on Tuesday. The merger is expected to generate run-rate...
CCI clears Patanjali, 5 other entities’ proposal to acquire 98 pc stake in Magma Gen Insurance
The Competition Commission of India (CCI) has cleared a proposal of Patanjali Ayurved and five other entities to acquire a majority stake in Magma General Insurance. “The proposed combination is being notified...
Ageas to buy UK insurance platform esure for $1.7 billion
Ageas has agreed to buy British car and home insurer esure from Bain Capital for 1.3 billion pounds ($1.7 billion) in a move that will create the third largest personal lines platform in the UK. The deal, set to be...
LIC set to buy 40-49% stake in ManipalCigna; primary and secondary deal values company at Rs 3,500 crore
Life Insurance Corp of India (LIC) is finalising terms to buy a significant minority stake in Ranjan Pai-led ManipalCigna Health Insurance, people familiar with the matter said. It marks the state-owned giant’s entry...
Germany’s Munich Re to buy $2.6 billion Next Insurance
Munich Re is buying the 71% of Next Insurance that it doesn’t already own, strengthening its foothold in the United States and valuing the California-based company at $2.6 billion, a division of the German company...
