Swiss-Based Insurers Vie for Stake in India's Kotak Insurance: Prospects in India continue to attract new financial firms to expand presence in the country. In the latest, two global insurers based in Switzerland are reportedly… KotakMahindra Chubb
Switzerland-based insurers Chubb and Zurich are both in separate talks to acquire a stake in India’s Kotak General Insurance, according to a «Reuters» report citing unnamed sources.
With Chubb’s offer, the deal would be valued at less than $800 million. Zurich is seeking a stake of 49 percent of 51 percent, the latter of which would value the deal at around $800 million due to a buyout premium.Chubb is in the lead because of its willingness to leave control with Kotak Mahindra Bank, one of India’s largest lenders by market capitalization. It is also favored because Kotak believes there are more common business areas such as auto insurance.
Kotak General Insurance continues to have discussions with Zurich. Separately, there were also talks with private equity firm Carlyle that did come to fruition.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
ZKB's New HR Head Joins From Swiss ReZKB's New HR Head Joins From Swiss Re: The new head of HR for ZKB worked for the reinsurer Swiss Re for more than twelve years and before that at UBS. zkb monikawaber
Weiterlesen »
ZKB holt Personalchefin von Swiss ReZKB holt Personalchefin von Swiss Re: Die ZKB regelt die Nachfolge in ihrer Personalabteilung. Die neue HR-Chefin war mehr als zwölf Jahre beim Rückversicherer Swiss Re und davor bei der UBS. zkb monikawaber
Weiterlesen »
Swiss Classic feiert 2024 JubiläumSwiss Classic feiert 2024 Jubiläum Die Vorbereitungsarbeiten für die nächste SwissClassic sind bereits im Gang. Im kommenden Jahr feiert die Ausstellung ihr 25-jähriges Jubiläum. Im OK kam es an der Spitze zu einem Wechsel. braunvieh
Weiterlesen »
Swiss verabschiedet ihre Alte Dame - aeroTELEGRAPHNach 27 Jahren im Dienst für Swissair und Swiss sagt die Fluggesellschaft dem ältesten Flugzeug der Flotte offiziell Adieu. Der letzte Flug der Maschine liegt schon länger zurück.
Weiterlesen »
Major Banks Disadvantaged in Swiss Morgage MarketMajor Banks Disadvantaged in Swiss Morgage Market: Swiss banks are still the largest providers of mortgages, but other institutions are gaining importance and expanding their market share at breakneck speed. realestate mortgages
Weiterlesen »