India’s largest insurer, LIC, has hiked its stake in state-run Andhra Bank to 10 per cent through stock market purchase, reported the Economic Times of India.
Life Insurance Corporation (LIC) has bought over 5.58 crore shares or 9.99 per cent stake in Andhra Bank on June 21 through open market deals, Andhra Bank said in a

Japanese insurance firm Nippon Life Insurance Company is to pick up a 26 per cent stake in India’s Reliance Life Insurance. The investment is for a consideration of $680 million, or about Rs 3,062 crore. The deal subsequently places Reliance Life Insurance’s value at an estimated $2.6 billion. The Japanese insurer is a major player

Swiss Re-insurance company, Swiss Re, reported that it is selling its 26% controlling stake in TTK Healthcare TPA Private Ltd, a third party administration company. According to the announcement, Swiss Re will be offloading its entire stake in the firm to Vidal Healthcare Services.
Swiss Re reiterated that the move is aimed at enabling it shift

Italian insurance major, Assicurazioni Generali S.p.A, Thursday said it is keen on expanding its business in Asia, with focus to be put on India and Vietnam. Generali president was quoted saying the Italian insurance giant was mulling an Asian business expansion as it seeks to increase its global foothold. The reports emerged in the financial