Tata AIG General Insurance Company, a subsidiary of Tata Sons, has exited the race to buy the general insurance arm of Reliance Capital, Reliance General Insurance Company (RGICL), following the delayed sale and in...
Britain’s Howden buys U.S. reinsurance broker TigerRisk for $1.6 bln
British insurance firm Howden has bought U.S. reinsurance broker TigerRisk Partners to create a firm with an enterprise value of over $13 billion, it said. The purchase price was $1.6 billion, Howden chief executive...
Ideal Insurance Brokers takes M&A route to expand geographical presence
Ideal Insurance Brokers is taking the acquisition route to grow and expand its geographical presence. The Kolkata-based firm has just completed the purchase of Govind Consultancy and Narnolia Insurance Brokers to boost...
IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr
IDBI Bank has entered into a share purchase agreement with Ageas Insurance International, wherein the bank is looking to sell its remaining stake of 25 per cent in private sector life insurer Ageas Federal Life...
Future Enterprises to raise Rs 3,000 crore from insurance biz sale; aims to pare debt, avoid insolvency
Debt-ridden Future Group firm Future Enterprises Ltd expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt, which may save the company from facing the rigour of the...
Govt’s 3.5% stake sale plan in LIC gets Sebi approval
The capital markets regulator has relaxed certain requirements for the initial public offering of Life Insurance Corp of India (LIC). The Securities and Exchange Board of India (Sebi) has allowed the government to...
Kkr To Buy 9.99% Stake In Shriram General Insurance
Private Equity firm KKR will acquire a 9.99% stake in Shriram General Insurance, according to an official statement. The acquisition is subject to necessary regulatory approvals. “KKR’s investment will position...
Tata AIA Life Insurance ties up with Common Service Centres
Tata AIA Life Insurance on Saturday said it has tied up with Common Service Centres which will provide access to about 95 per cent of gram panchayats in the country. As part of its effort to deliver much-needed life...
Tata AIG, ICICI Lombard join race to buy insurance units of Reliance Cap
Tata AIG, ICICI Lombard and Nippon Life are among 54 prominent Indian and foreign financial companies joining the race for the profit-making insurance arms of Reliance Capital, which was last year put under...
Warren Buffett strikes agreement to acquire Alleghany Corp for $11.6 billion
Warren Buffett’s Berkshire Hathaway Inc on Monday struck an agreement to buy insurance company Alleghany Corp for $11.6 billion, only weeks after the 91-year-old billionaire bemoaned a lack of good investment...
CCI approves acquisition of equity stake in Future Generali India by Generali
Fairtrade regulator CCI on Tuesday gave its go-ahead to Generali Participations Netherlands N.V. to increase its stake in Future Generali India Insurance Company Ltd to around 74 per cent. Generali Participations...
Bombay HC vacates order restraining Future’s stake sale in Generali insurance JV
The Bombay High Court on Monday vacated a lower court order that had restrained Future Enterprises from selling its stake in Future Generali India Insurance to its joint venture partner Generali Group. Justice Anuja...
