An Indian court has cleared the path for Future Enterprises’ stake sale in its general insurance joint venture with Italy’s Generali, an exchange filing showed on Monday. A Mumbai city court late last month...
Mumbai court halts Future’s stake sale in Generali JV
Mumbai’s City Civil & Sessions Court on Monday prevented Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali after it faced legal challenge by a group...
Insurer AIA Group sells Australian savings and investments business
Asia-focused insurer AIA Group said on Thursday it would sell its Australian savings and investments business to local life insurance firm Resolution Life Australasia, noting it is “non-core” to its strategy...
RenewBuy acquires fintech firm Artivatic.AI
Digital insurance marketplace RenewBuy has acquired Bengaluru-based fintech start-up Artivatic.AI, as it looks to scale up business and improve technology solutions to better serve customers in insurance claim...
Govt weighs 5% stake sale in LIC IPO, no fresh stock to be issued: Report
India is considering selling about 5% of the shares it holds in a state insurer as it prepares to file documents for the country’s biggest initial public offering, according to people familiar with the matter. The...
Airtel Payments Bank partners ICICI Lombard for cyber insurance
Airtel Payments Bank said it has partnered ICICI Lombard General Insurance Company to offer a cyber insurance which can be purchased from the Airtel Thanks app. The partnership comes at a time when the growth in digital...
HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance
HSBC Insurance (Asia Pacific) Holdings Ltd (INAH), one of the shareholders in Canara HSBC OBC Life Insurance Co Ltd, has expressed its intention to acquire Punjab National Bank’s stake in the insurance company...
Future to sell 25% of Future Generali to JV partner Generali Group for Rs 1,252 crore
Future Group plans to sell a 25% in its general insurance joint venture Future Generali India Insurance Co. Ltd to the Italy-based JV partner Generali Group for Rs 1,252 crore, the company said on Thursday. “Future...
CCI clears Generali Group’s stake purchase in India unit
Competition Commission of India (CCI) said on Monday it has cleared purchase of equity shares in Future Generali India Life Insurance Co. Ltd. (FGLIC) by Generali Participations Netherlands N.V (GPN), an arm of the...
HDFC Life completes acquisition of Exide Life; to start merger soon
HDFC Life announced the closure of the acquisition Exide Life deal, which will pave the way for increasing its presence in the south India market. The private sector insurer acquired a 100 per cent stake in Exide Life...
HDFC Life completes acquisition of Exide Life; merger to take place shortly
HDFC Life Insurance has completed the acquisition of Exide Life by allotting over 8.7 crore shares of the company to Exide Industries, the insurer said on Saturday. The Capital Raising Committee of the board has vide...
Brazilian insurer SulAmerica acquires Sompo Saude for $40 mln
Brazilian insurer SulAmerica SA has reached a deal to acquire 100% of Sompo Saude, a subsidiary of Japan’s Sompo Holdings Inc in Brazil, it said in a securities filing on Thursday, sending its shares nearly 3%...
