Country: India Page 29 / 48
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- December 19 2019
90% profit drop for India’s general market
After-tax profits fell to US$96m, compared to US$972m in 2018.
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- December 11 2019
PE players target India’s insurtech Digit
New fundraising could raise Digit’s valuation to around US$800m to US$900m.
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- December 2 2019
Acko raises US$16m as Indian insurtech boom accelerates
The funds follow a March injection of US$65m and is one of many recent deals.
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- November 20 2019
SBI Life’s shares drop after Carlyle stake sale
The private equity group has sold a 3.1% stake.
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- November 13 2019
Tracking Asia’s pricing momentum
The property market is finally showing some consistency.
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- November 13 2019
GIC Re hit with Q2 loss
The Indian giant suffered from severe weather but is still optimistic for the full year.
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- November 11 2019
Tencent takes 10% stake in India’s Policybazaar: report
The 11-year old aggregator is a market leader and worth over US$1bn.
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- November 11 2019
Millions evacuated as Cyclone Bulbul makes impact
The storm has killed 13 people and is likely to wreak further damage in India and Bangladesh.
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- November 7 2019
MSI and Max Financial Services terminate share swap
The proposed deal would have seen the Japanese carrier take a 21.5% stake in Max Life's parent.
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- November 1 2019
KKR sells shares in SBI Life worth US$75m
This marks the third time in 2019 the private equity firm has sold shares in the Indian insurer.
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- October 24 2019
Indian conglomerate seeks PNG MetLife exit: report
A potetential deal could attract private equity bidders.
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- October 18 2019
Marsh India agrees deal for JLT Independent
The agreement in principle involves two brokers that are both joint ventures.
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- October 17 2019
IAG sells stake in India’s SBI General for US$432m
Premji Invest and Warburg Pincus are the buyers, with the carrier set to book a US$200m profit.
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- October 3 2019
India’s GIC targets Russia, Brazil expansion
The national reinsurer is looking abroad.
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- September 30 2019
Fairfax sells 50% stake in ICICI Lombard
The Canadian player continues to divest its shares.
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- September 30 2019
Nippon Life takes majority shareholding in RNAM
India's Reliance Capital completes another sale to Japanese giant.
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- September 17 2019
State Bank of India drops SBI General IPO plans
SBI has said it doesn't need the capital from a flotation at this stage.
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- September 16 2019
Chubb invests in India digital and actuarial hubs
The two centres will start with 100 people to help service the company globally in IT and other services.
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- September 12 2019
Indian banks’ stakes in insurers to be capped: report
A 30% cap would be a significant change for the market.
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- September 5 2019
IDBI Bank seeks Federal Life stake sale
The move comes after a government capital injection into the lender.
