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%...
LIC seeks bids for consultancy services for its digital transformation
The IPO-bound Life Insurance Corporation of India (LIC) has sought Expression of Interest from bidders to provide consultancy services for its digital transformation. The Expression of Interest (EoI) has been invited...
UniCredit chief not interested in Generali or Mediobanca – Il Sole 24 Ore
UniCredit wants to grow its domestic footprint and could consider tie-ups in Italy and abroad, but has no interest in the country’s biggest insurer Generali and its top shareholder Mediobanca, CEO Andrea Orcel...
Insurer LV= members reject $700 mln Bain takeover, Royal London makes approach
British mutual life insurer LV= on Friday abandoned a proposed 530 million pound ($701 million) takeover by private equity giant Bain Capital after it lost a member vote, and rival Royal London put forward an...
Generali eyes bigger stake in India businesses as Future seeks exit: Report
Italy’s Generali is in talks to raise its stake in two Indian insurance businesses as its local partner, debt-laden Future Group, looks to exit the arrangement, three people familiar with the discussions told...
