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...
Aditya Birla Capital to sell entire stake in ABIBL
Aditya Birla Capital Limited (ABCL), a company under the Aditya Birla Group, announced on Monday the sale of its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL), which is a non-material subsidiary of the...
Medi Assist to acquire Raksha Insurance TPA in expansion push
Health insurance third-party administrator Medi Assist is set to acquire 100% stake in Raksha Insurance TPA in what could be the largest deal in third-party administrator or TPA space, its CEO Satish Gidugu told ET. The...
Niva Bupa mulling minority stake sale at $2 billion valuation
India’s Niva Bupa Health Insurance Company is considering a minority stake sale at a valuation of $2 billion, Bloomberg News reported on Tuesday. The company is a joint venture between British United Provident...
Billionaire Uday Kotak’s Kotak Mahindra Bank weighs insurance unit stake sale, sources say
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with an adviser on...
