Silicon Valley data analytics company Palantir Technologies Inc has established a joint venture with Japanese insurance holding company Sompo Holdings Inc that will initially focus on health and cybersecurity clients...
Bharti Axa, Kotak Life, Jhunjhunwala’s RARE in race for IDBI Federal Life
Bharti Axa Life Insurance, Kotak Life Insurance, Rakesh Jhunjhunwala’s RARE Enterprises and Kedaara Capital have bid for a controlling stake in IDBI Federal Life Insurance, which has been put on the block again this...
Hero Corp could buy 10-15% stake in Max Financial Services Ltd
Sunil Kant Munjal’s Hero Corp is set to buy a significant minority stake from Analjit Singh in Max Financial Services Ltd, said two people familiar with the development. The listed Max Financial houses Max Life...
PSU general insurance companies seek capital infusion ahead of merger
Public-sector general insurance companies which are slated to be merged have urged the government for fund infusion before the amalgamation. According to top officials of two public sector general insurance firms, the...
Swiss Re in talks with China Pacific over stake in Chinese insurer
Swiss Re is exploring an investment in a possible primary offering of China Pacific Insurance (Group) Co. (CPIC) securities, the Swiss reinsurer said on Wednesday. “No definitive agreement has been entered into between...
Standard Life sells 5% stake in HDFC Life for Rs 5,750 crore
UK’s Standard Life on Wednesday divested 4.95 per cent stake in HDFC Life Insurance Company for a little over Rs 5,750 crore through open market transactions. The US-based Capital Group is among the buyers which...
KKR sells stake in SBI Life worth $75 million
American private equity (PE) firm Kohlberg Kravis Roberts and Co., or KKR, on Wednesday sold shares worth ₹533.7 crore (around $75 million) that it held in SBI Life Insurance Co. Ltd through a block deal on the market...
IAG to sell stake in SBI General Insurance to Premji Invest, Warburg Pincus
Public sector lender SBI on Thursday said its joint venture partner IAG will sell entire 26 per cent stake in its subsidiary SBI General Insurance to Napean Opportunities and WP Honey Wheat lnvestment Ltd for an...
Prem Watsa’s Fairfax sells remainder stake in ICICI Lombard ending 18 year run
Canadian billionaire Prem Watsa’s Fairfax on Wednesday sold its entire remaining stake in ICICI Lombard General Insurance Co. Ltd shares worth Rs2,626.5 crore, ending its 18 year run as an investor in the company...
Will the bet to buy out Reliance Capital’s stake in asset manager RNAM pay off for Nippon Life?
Minoru Kimura’s 28-year career with Japan’s Nippon Life Insurance Company took him to New York for five years in his youth. He also lived in London and is now based in Singapore. While admitting that youth and New York...
Tokio Marine to buy U.S. insurer Pure Group for about $3 billion
Tokio Marine Holdings Inc will buy insurer Pure Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade. Japanese financial firms have...
Reliance Capital completes 21.54% stake sale in RNAM
Reliance CapitalNSE -12.70 % completed 21.54 per cent stake sale in Reliance Nippon Life Asset Management (RNAM) to Nippon Life Insurance of Japan (Nippon) for Rs 3,030 crore, the firm said on Friday. Reliance Capital...
