Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China’s pension insurance giant Guomin Pension. AGI was allowed to...
Zurich Insurance completes acquisition of 70% Kotak Mahindra General Insurance stake in a ₹5,560-crore deal
Zurich Insurance Company Ltd has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited. Zurich acquired a 70 per cent stake in Kotak General Insurance for ₹5,560 crore (USD 670...
Axis Bank acquires additional stake in Max Life Insurance subsidiary for ₹336 crore
Axis Bank has acquired additional equity shares of Max Life Insurance Company, a subsidiary of Max Financial Services, for ₹336 crore, the private lender announced on Wednesday. The bank’s board of directors...
Finland’s Sampo makes $4.7 bln bid for Topdanmark
Finnish insurer Sampo has agreed to buy Topdanmark in an all-share deal that values the Danish rival at 33 billion crowns ($4.73 billion), the two companies said on Monday. Sampo already owns 48.5% of the Danish...
LIC looks to buy a standalone private health insurer
Life Insurance Corp. of India (LIC) is planning to acquire one of India’s five private standalone health insurance companies to secure a beachhead in the country’s growing health insurance market, two LIC...
Centre’s next round of stake sale in LIC now likely in FY2026
The next round of the government’s stake sale in Life Insurance Corporation (LIC) is only likely to take place in FY26 as the Centre pauses the privatization process this year to assess investor appetite, two...
InsuranceDekho in talks to acquire credit marketplace BankSathi: sources
Insurance marketplace InsuranceDekho, backed by TVS Capital and Goldman Sachs Asset Management, is set to acquire a majority stake in BankSathi, a distributor of credit cards and personal loans which counts Kotak...
Bharti AXA-SBI Life sale talks collapse, PEs may throw in hat
Telecom major Bharti Group’s talks with SBI Life Insurance to sell its life insurance venture is said to have collapsed due to disagreements over valuations, delaying the Mittal family’s planned exit from...
LIC thinking of diving into health insurance pool, eyeing acquisitions
The government-owned Life Insurance Corporation (LIC) is contemplating a foray into the health insurance sector and is currently assessing potential acquisition prospects, reported The Times of India quoting LIC...
AIG to sell 20% stake in Corebridge to Japan’s Nippon Life for $3.8 bln
U.S. insurer American International Group said on Thursday it would sell a 20% stake in Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion. The deal is part of AIG’s efforts to reduce its...
UK’s Ardonagh to buy Australia’s PSC Insurance in $1.51 bln deal
Australia’s PSC Insurance will be acquired by Ardonagh Group in a deal valuing the company at A$2.26 billion ($1.51 billion), PSC said on Wednesday, helping the UK-based insurance distribution platform expand its...
Australia’s PSC Insurance hits record high on $1.5 bln takeover by Ardonagh
Shares of PSC Insurance Group rose to a record high on Thursday after UK-based broking business Ardonagh Group agreed to buy the Australian company in a deal valuing it at A$2.26 billion ($1.49 billion) amid rising...
