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...
IRDAI nod likely soon for IIHL’s buyout of Reliance Capital’s three insurance arms
The Insurance Regulatory and Development Authority of India (IRDAI) is most likely to give the go-ahead to IndusInd International Holdings Limited’s acquisition of Reliance Capital’s three insurance...
BNP Paribas to acquire Fosun’s around 9% stake in Belgian insurer Ageas
BNP Paribas has signed an agreement with China’s Fosun Group to acquire its around 9% stake in Belgian insurer Ageas for a sum the French bank estimates at 730 million euros ($777 million). Ageas and BNP Paribas...
Aviva completes takeover of AIG’s UK life insurance business
British insurer Aviva said on Tuesday it had completed the 453 million pound ($574 million) acquisition of AIG’s UK life insurance business, sealing the largest takeover under CEO Amanda Blanc to date. Aviva...
South Africa’s Sanlam hikes stake beyond 50% in Shriram’s insurance JVs
Betting on India’s insurance growth potential, South African financial services giant Sanlam, on Friday, once again raised its holding in two of its Indian insurance joint ventures (JVs) with South India-based Shriram...
CCI clears Axis Bank’s proposed acquisition of stake in Max Life Insurance
Fair trade regulator Competition Commission of India (CCI) on Tuesday said it has approved Axis Bank’s proposed acquisition of a stake in Max Life Insurance Company Ltd. Last year in August, the company announced...
