by AIP Online Bureau | Jun 19, 2024 | Indian News, Non-Life, Policy, Regulation
The acquisition of Kotak General Insurance sets the way forward for Zurich to be a leading player in a very significant growth market – India. This is a key strategic step for Zurich,” said Tulsi Naidu, CEO – Asia Pacific, Zurich Insurance Group Mumbai: Zurich...
by AIP Online Bureau | Nov 2, 2023 | Eco/Invest/Demography, Indian News, Non-Life
·Zurich will acquire an additional stake of up to 19% over time. It is anticipated that this transaction will represent the largest foreign insurer investment in the Indian insurance sector since the regulatory changes allowing majority foreign ownership came into...
by AIP Online Bureau | Sep 18, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
In this evolving environment, it is increasingly important that businesses address both physical climate risks and transition risks. Transition risks include policy changes, reputational impacts, and shifts in market preferences, norms and technology The offering is...
by AIP Online Bureau | Aug 10, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life
Mario Greco, who led his firm out of the Net-Zero Insurance Alliance earlier this year amid a wider exodus from the group, said the decision followed a realization that, as things stand now, the goal of limiting temperature rises to 1.5C as enshrined in the Paris...
by AIP Online Bureau | Jul 25, 2023 | Indian News, Non-Life
Kotak General Insurance continues to have discussions with Zurich, though separate talks with private equity firm Carlyle have not worked out, the people added MUMBAI: U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has...
