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ZURVY / Zurich Insurance to pay $487 mln for stake in India's Kotak Mahindra Bank unit

Zurich Insurance to pay $487 mln for stake in India's Kotak Mahindra Bank unit
Zurich Insurance Group will buy a 51% stake in Indian private lender Kotak Mahindra Bank's general insurance unit for about 40.51 billion rupees ($487 million), the companies said on Thursday, as the European insurance giant bets on India's fast-growing insurance market. Read More
Posted: Nov 2 2023, 03:16
Author Name: Reuters
Views: 112128

ZURVY News  

Zurich Insurance to pay $487 mln for stake in India's Kotak Mahindra Bank unit

By Reuters
November 2, 2023

Zurich Insurance to pay $487 mln for stake in India's Kotak Mahindra Bank unit

Zurich Insurance Group will buy a 51% stake in Indian private lender Kotak Mahindra Bank's general insurance unit for about 40.51 billion rupees ($487 more_horizontal

Zurich Insurance Group: Improving P&C Results Help Drive Growth

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Zurich Insurance CEO says price increases should continue for now

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Exclusive: Zurich Insurance eyes $400 mln stake in general insurance arm of India's Kotak

By Reuters
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Exclusive: Zurich Insurance eyes $400 mln stake in general insurance arm of India's Kotak

Zurich Insurance Group is in talks to buy up to 51% of India's Kotak General Insurance, two sources with direct knowledge of the matter said, a deal t more_horizontal

MURGY vs. ZURVY: Which Stock Is the Better Value Option?

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Zurich Insurance Group has continued to see significant premium growth in spite of inflationary pressures. The company's loss ratio also remains below more_horizontal

Zurich Insurance CFO: Positive surprise at the start of the year

By CNBC International TV
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Zurich Insurance CFO: Positive surprise at the start of the year

George Quinn, CFO of Zurich Insurance, discusses the company's earnings. more_horizontal

Zurich: IFRS 17 Might Provide An Upside

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Zurich: IFRS 17 Might Provide An Upside

New regulatory requirements on IFRS 17 data might support insurance companies to be more understandable. At today's Annual General Meeting, Zurich con more_horizontal


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