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Angel one forms Rs 400 crore life insurance JV with Singapore’s Livwell

Angel one forms Rs 400 crore life insurance JV with Singapore’s Livwell

by AIP Online Bureau | Jul 23, 2025 | Indian News, Life, Regulation

Wilf Blackburn, ex-regional CEO of Prudential Asia, is proposed to chair the proposed venture, while Nikhil Verma, former deputy CEO of Aviva Vietnam, is proposed to lead as CEO Mumbai: Domestic brokerage Angel One on Wednesday announced a plan to partner...
Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs

Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs

by AIP Online Bureau | Jun 30, 2025 | Banking & Bancassurance, Indian News, Life, Non-Life

Generali will be holding a 74% stake while Central Bank of India will be holding up to 26% in the joint venture Jaime Anchústegui, deputy CEO, Insurance, Generali Group, commented: “We are pleased to announce this new chapter for our business in India together with...
Allianz exits 2 Bajaj insurance JVs by selling its 26 % for Rs 24,180 crore, to set up new Indian insurance companies

Allianz exits 2 Bajaj insurance JVs by selling its 26 % for Rs 24,180 crore, to set up new Indian insurance companies

by AIP Online Bureau | Mar 17, 2025 | Indian News, Life, Non-Life, Regulation, Reinsurance

Allianz, which had invested just Rs 174 crore in both the JVs way back in 2001 , is expected to start new insurance new companies in India soon either by partnering with another Indian company or with full ownership after the government allows 100 per cent FDI in the...
LIC explores picking up stakes in Manipal Cigna Health Insurance

LIC explores picking up stakes in Manipal Cigna Health Insurance

by AIP Online Bureau | Nov 27, 2024 | Health, Indian News, Policy

According to sources in the insurance industry, LIC’s choice of Manipal Cigna is purely on the basis of cheaper valuation among the old stand alone health insurance companies   New Delhi: Life insurance behemoth Life Insurance Corporation (LIC) is considering...
Zurich appoints Alok Agarwal from ICICI General as head its Indian non-life JV

Zurich appoints Alok Agarwal from ICICI General as head its Indian non-life JV

by AIP Online Bureau | Nov 15, 2024 | Indian News, Non-Life

Alok Agarwal, MD&CEO- designate, Zurich Kotak General Insurance Agarwal , who started his career with Reliance Industries in 1989 , is an old hand in the Indian general insurance industry and has spent over 22 years in ICICI Lombard General Insurance Mumbai:...
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