Howden secures regulatory nod to acquire 100% stake in Indian arm
UK-based insurance broker Howden has received regulatory approval to increase its shareholding in Howden Insurance Brokers India (Howden India) from 49% to…
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India’s Digit Insurance looking to raise $500m in IPO at $5bn valuation
Indian fintech start-up Digit Insurance is planning to raise around $500m through an initial public offering (IPO), Reuters reported citing three undisclosed…
Ageas to increase stake in Ageas Federal Life Insurance
International insurance group Ageas has agreed to acquire additional 25% stake in its Indian Life insurance joint venture Ageas Federal…
Paytm to seek insurance licence as deal with Raheja QBE falls through
Indian digital payments and financial services firm Paytm has revealed it will seek regulatory approval for a new general insurance licence The…
Swiss Re GBS India to launch new centre in Hyderabad
Swiss Re Global Business Solutions (GBS) India has announced plans to launch a new centre in Hyderabad in September this…
Future Enterprises to raise $390m by divesting insurance business
India-based Future Enterprises Ltd (FEL) is looking to sell its stake in the insurance business to raise around $390m (INR30bn), media…
Indian regulator increases investment cap for insurers in BFSI space
India’s insurance regulator has increased insurance companies’ investment cap in insurance and financial activities from 25% to 30% of their investment corpus. …
Indian insurance platform Turtlemint secures $120m in funding
Indian insurance startup Turtlemint has raised $120m in a funding round led by Amansa Capital, Jungle Ventures and Nexus Venture Partners. New…