by AIP Online Bureau | Jun 5, 2024 | Banking & Bancassurance, Non-Life, Regulation
In February, Zurich Insurance had said it would acquire a 70 percent stake in the insurance company for Rs 5,560 crore in a single tranche New Delhi: Kotak Mahindra Bank on Wednesday said it has received the Reserve Bank of India’s (RBI) approval to sell a 70...
by AIP Online Bureau | Apr 8, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Policy, Risk Management
Zurich says its policy update is limited to new fossil-fuel projects, and that it will continue to underwrite existing ones. The company also says the measures are unlikely to have a significant impact on its bottom line Zurich Insurance Group AG will no longer...
by AIP Online Bureau | Feb 23, 2024 | Eco/Invest/Demography, Indian News, Non-Life
Under the original deal, announced in November last year, Zurich was to buy a 51% stake in the Kotak unit for Rs 40.51 billion and an additional 19% holding within three years of the first purchase Bengaluru/Mumbai: Zurich Insurance Group will buy a 70% stake in Kotak...
by AIP Online Bureau | Feb 6, 2024 | Indian News, Non-Life, Reinsurance
In November last year, the Switzerland-based Zurich Insurance Group had agreed to acquire a 51 percent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore. The proposed transaction valued Kotak Mahindra General Insurance Company at Rs 7,943...
by AIP Online Bureau | Jun 14, 2023 | Indian News, Non-Life
Kotak, which is a relatively smaller general insurance player, is holding stake sale talks as it hopes to get an investor who can help them “turn around the business and grow faster”. Mumbai: Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General...
