Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    DMI Finance & Ampverse Form Joint Venture to Unleash the Power of Esports in India

    May 30, 2023

    Cashfree ties-up with Tazapay to offer cross border payments to Indian exporters

    May 24, 2023

    HDFC Pension’s Assets Under Management Cross Rs. 50,000 Cr

    May 24, 2023
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » Generali completes the transaction to become the majority shareholder in General insurance biz in India
    Insurance

    Generali completes the transaction to become the majority shareholder in General insurance biz in India

    Generali on May 6 said it has completed the acquisition from Future Enterprises Limited of 25% of the shares of Future Generali India Insurance (FGII) and will now hold a stake of around 74% in FGII.
    May 9, 20222 Mins ReadBy editor
    Twitter LinkedIn WhatsApp

    Generali on May 6 said it has completed the acquisition from Future Enterprises Limited of 25% of the shares of Future Generali India Insurance (FGII) and will now hold a stake of around 74% in FGII. It said in a statement that it has  received the approval from the relevant regulatory and competition authorities.

    Generali in a statement added, “The deal is fully in line with the ‘Lifetime Partner 24: Driving Growth’ strategy, strengthening Generali’s position in fast-growing markets and confirms the Group’s commitment to deliver profitable growth whilst creating value for stakeholders. Generali is the first player among international insurers to step-up to a majority stake in both its Indian Life and P&C insurance Joint Venture companies since the new foreign ownership cap came into effect.”

    Jaime Anchústegui Melgarejo, CEO International of Generali, said: “This acquisition is in line with Generali’s strategy to reinforce its position in a high potential market and we look forward to deepening our presence in India, becoming Lifetime Partners to an increasing share of Indian customers in both Life and P&C businesses.”

    Rob Leonardi, Regional Officer, Generali Asia, said: “We’re excited that we are now able to consolidate our position also in our P&C Indian insurance JV and to create more value for our customers, agents, partners and distributors.”

    Future Generali Insurance
    Previous ArticleMuthoot Finance plans to expand Gold Loan@Home services to over 5400 branches
    Next Article Given the nature of the business for us, digital runs the show: Souparno Bagchi, True Balance
    editor

    Related Posts

    HDFC Pension’s Assets Under Management Cross Rs. 50,000 Cr

    May 24, 2023

    Capital Small Finance Bank partners with Max Life to offer life insurance solutions

    May 4, 2023

    Neobank Chqbook Collaborates with ICICI Lombard General Insurance

    April 1, 2023

    Kotak General Insurance partners with Clootrack to enhance customer centricity

    January 23, 2023

    Leave A Reply Cancel Reply

    Recent Posts

    • DMI Finance & Ampverse Form Joint Venture to Unleash the Power of Esports in India
    • Cashfree ties-up with Tazapay to offer cross border payments to Indian exporters
    • HDFC Pension’s Assets Under Management Cross Rs. 50,000 Cr
    • AU Small Finance Bank Launches Business Cashback RuPay Credit Card
    • PhonePe goes live with UPI LITE

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    L&T Finance launches Warehouse Receipt Financing

    April 1, 2023

    L&T Finance adds 29 lakh customers in Micro Loans biz between April 2022 to January 2023

    March 10, 2023

    PLANET App by L&T Financial Services Crosses 1.5 Million Downloads

    January 7, 2023

    SIDBI enters Co-lending Space for Unsecured Loans to MSMEs, partners with Ambit Finvest

    December 31, 2022
    New Policy
    Policy

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 20220By Bfsinxt Desk

    The RBI said, with a view to facilitate cash flow-based lending to MSMEs, it has been decided to include Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework.

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022

    RBI launches दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System

    October 8, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2023 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.