Religare Enterprises Ltd is in early talks with private equity (PE) investors to sell 6-7% in its subsidiary Care Health Insurance Ltd to raise as much as ₹1,200 crore, three people close to the matter said. The talks...
HDFC buys ₹992 cr stake in life business
Leading mortgage financier HDFC Ltd on Tuesday purchased 1.5 crore shares of HDFC Life Insurance Company Ltd for ₹992.6 crore through a bulk deal on the NSE. The deal values the insurer at ₹1.43 lakh crore. The shares...
Bupa looks to raise stake in health joint venture
UK-based healthcare services and insurance provider Bupa is in talks with domestic private equity firm True North to pick a part of the PE firm’s stake in Niva Bupa Health Insurance Co, a joint venture between the...
Generali to buy Liberty Mutual’s Spanish Unit in $2.5 billion all-cash deal
Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion), in a move aimed at strengthening its property and casualty segment, Italy’s top insurer said on Thursday...
Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report
Abrdn, a UK-based investment company on Wednesday said it is likely sell its 1.66 per cent stake (35.7 million shares) in HDFC Life Insurance Limited through block deals, reported CNBC citing sources said on Tuesday...
Insurer RenaissanceRe to buy AIG unit Validus Re in near $3 bln deal
Insurer RenaissanceRe Holdings Ltd said it would buy AIG’s treaty reinsurance business, which includes Validus Reinsurance Ltd and its consolidated subsidiaries, in a deal valued at nearly $3 billion. The deal...
Allianz sells controlling stake in Russian business to local firm
Insurance company Allianz has finalised a deal to sell a majority stake in its Russian operations to local firm Interholding, which owns Russia’s Zetta Insurance, Allianz Russia said. After a lengthy approval...
Generali agrees sale of German specialised pension unit to Fosun-backed company
Italy’s top insurer Generali said it had agreed to sell its German specialised pension unit to Fosun-backed Frankfurter Leben as it seeks to improve profitability in the life business and free up capital. By...
Temasek set to invest $130 million in Niva Bupa for a minority stake
Singapore’s state investment firm Temasek has emerged as the front-runner to buy a minority stake for $120-130 million (about ₹985-1,070 crore) in health insurance company Niva Bupa Health Insurance, which is...
Bridgepoint plans sale of stake in French insurance broker Kereis, sources say
Private equity firm Bridgepoint Group Plc is preparing to sell its majority stake in French insurance broker Kereis, people familiar with the matter told Reuters, in a deal that could value the company in the region of...
Insurtech startup InsuranceDekho acquires Verak, says CEO Ankit Agrawal
InsuranceDekho’s founder and CEO Ankit Agrawal Tuesday said the leading Indian insurtech startup has acquired Verak, a Mumbai-based SME insurance distribution company. The InsuranceDekho’s founder and CEO took to...
Samara Capital to buy Aditya Birla Insurance brokers for Rs 455 crore
Aditya Birla Group said that it has agreed to sell its insurance broking business, Aditya Birla Insurance Brokers Ltd (ABIBL), to private equity firm Samara Capital for ₹455 crore. ABIBL specialises in providing...
