Piramal, Zurich Insurance consider joint bid for Reliance General Insurance
Indian business conglomerate Piramal Group and Zurich Insurance are looking to form a joint venture to take over Reliance General Insurance, reported The Economic Times,…
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India’s Medi Assist to buy 100% stake in Medvantage TPA
Medi Assist, a health insurance third party administrator (TPA) in India, is set to acquire 100% stake in Medvantage Insurance…
Indian insurtech Zopper raises $75m in Series C funding
Indian insurance technology startup Zopper has raised $75m in a Series C funding round led by Creaegis. ICICI Venture and…
India’s Religare to raise $38m for health insurance business
Indian financial services company Religare is looking to raise INR3bn ($37.64m) via rights issue to support its health insurance business, Mint reported, citing executive…
Abrdn divests 2% stake in India’s HDFC Life Insurance
UK-based investment firm Abrdn has offloaded its 2% stake in Indian private insurance entity HDFC Life Insurance Company. The transaction,…
India may slash minimum capital requirement to enter insurance market
The India government is considering changes to its insurance laws in a bid to increase insurance penetration in the country,…
Axis Bank weighing options to buy 10% stake in Go Digit Life
India-based Axis Bank is planning to buy a 10% stake in Go Digit Life in a transaction valued at $9m,…
Axis to raise stake in Max Life Insurance to 20%
India-based Axis Bank is considering increasing its stake in Max Life Insurance to about 20%, over the next 6-9 months,…