• Investment
  • Insurance
  • Finance
  • Internet
  • Technology
  • 200Mbps
Trending
  • How Much Money Do I Need to Buy a House?
  • What Is Options Trading? | RamseySolutions.com
  • Cost of Living in New York
  • The Christy Wright 2022 Goal Planner Is Here
  • Understanding the S&P 500 Index
  • What Is a 529 Plan?
  • What Is Margin Trading and How Does It Work?
  • What Is a Roth Conversion?
MERDEKA MERDEKA
  • Investment
  • Insurance
  • Finance
  • Internet
  • Technology
  • 200Mbps
MERDEKA MERDEKA
You are at:Home » Generali Increases Stake in Indian Non-Life Joint Venture
AXA Completes Sale of Singapore Business to HSBC

Generali Increases Stake in Indian Non-Life Joint Venture

0
By admin on July 28, 2023 Insurance

Italy’s prime insurer Generali stated on Friday it had accomplished the acquisition of a 25% stake in its Indian non-life insurance coverage three way partnership, growing its holding to 74% after receiving regulatory and competitors approvals.

When it introduced the deal in January, Generali stated it had agreed to pay 145 million euros ($153 million) to debt-laden Future Group, its companion in Future Generali India Insurance coverage (FGII), for the stake.

The deal, which is in keeping with Generali’s technique to place itself in fast-growing markets, follows a 2021 determination by the Indian authorities to permit international corporations to come clean with 74% of an area insurance coverage enterprise, up from 49% beforehand.

In March, Generali additionally accomplished a deal to turn out to be the bulk shareholder in its Indian life insurance coverage three way partnership.

Generali is the primary worldwide insurer to take a majority stake in each its Indian life and non-life insurance coverage joint ventures because the new international possession cap got here into impact, it stated in a press release.

($1 = 0.9462 euros)

(Reporting by Gianluca Semeraro; modifying by Maria Pia Quaglia and Mark Potter)

Subjects
Mergers & Acquisitions
Generali Life Assurance (Thailand) Plc.

Was this text helpful?


Listed below are extra articles you might take pleasure in.

Thinking about Mergers?

Get automated alerts for this subject.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFutureProof Secures $6.5M to Launch Climate Risk MGA
Next Article Chubb Canada Names Johnstone President as Alfieri Retires; MGA Loadsure Promotes; Canopius Names Atrium’s Wallace for Marine Treaty
admin
  • Website

Related Posts

AXA XL Names Benet Global CUO, Succeeding Bewlay; Marsh’s Neild Joins Howden’s UK Cyber Retail Practice; MS Amlin Taps Compre’s Margetts for Strategy

It Is Time for Insurers to Meet Needs of Tech Driven Businesses

Former Executive of PICC Property & Casualty Expelled From China’s Communist Party

Leave A Reply Cancel Reply

YOU MAY INTEREST
July 23, 2023

How Did Berkshire Hathaway’s Q1 Earnings Go?

July 18, 2023

Should Investors Continue to Buy Social Media Stocks?

July 22, 2023

Tryg and Intact Financial Corp. Complete Sale of Codan Denmark to Alm. Brand

March 17, 2023

Why You Won’t Be Sorry If You Pursue a Career in Ethical Hacking • Merdeka

April 6, 2023

Vic Bernardi Insurance and The Insurance Center

Copyright © 2023 Merdeka
  • About
  • Contact
  • Sitemap
  • Disclaimer
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.

Next Up
Chubb Canada Names Johnstone President as Alfieri Retires; MGA Loadsure Promotes; Canopius Names Atrium’s Wallace for Marine Treaty

This version of Worldwide Folks Strikes particulars appointments at Chubb Canada, insurtech MGA Loadsure and Lloyd’s re/insurer Canopius. A abstract…

Previous
FutureProof Secures $6.5M to Launch Climate Risk MGA

San Diego-based FutureProof Applied sciences, which calls itself a “climate-smart property/casualty insurtech,” introduced that it has raised $6.5 million in…

Random
China Vows to Roll Out Market-Friendly Policies, Boosting Battered Shares

Chinese language Vice Premier Liu He, China’s financial tsar, urged the roll-out of market-friendly insurance policies to help the financial…