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...
by AIP Online Bureau | Nov 24, 2022 | Indian News, Regulation
According to the sources close to the development, both companies have decided to part ways due to the differences on various issues like shareholders agreement, valuation, etc With the collapse of Piramal-Zurich JV, the fate of RGIC’s bidding process is...
