New Delhi [India], December 10: Zurich Kotak General Insurance Company (India) Limited (Formerly known as Kotak Mahindra General Insurance Company Limited) Zurich Kotak General Insurance Company (India) Limited is a 70:30 joint venture between Zurich Insurance Group and Kotak Mahindra Bank.
The transaction marks the largest foreign investment in India's general insurance market and is the first by a foreign insurer since the foreign direct investment (FDI) limit was raised from 49 per cent to 74 per cent in 2021.
Mumbai (Maharashtra) [India], November 2: Cyril Amarchand Mangaldas acted as a legal counsel to Zurich Insurance Company Ltd on its proposed acquisition of a majority stake from Kotak Mahindra Bank Limited in Kotak Mahindra General Insurance Company Limited.
In a stock filing, the Indian bank said both parties entered into definitive agreements for the transaction whereby Zurich will invest approximately Rs 4,051 crore to acquire the stake through a combination of fresh growth capital and share purchase.
Mumbai (Maharashtra) [India], June 26: Kotak Mahindra General Insurance Co. Ltd (Kotak General Insurance) today announced that it has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro, Small and Medium Enterprises (MSME) companies. Kotak General Insurance wil
Mumbai (Maharashtra) [India], January 9 (ANI/NewsVoir): Kotak Mahindra General Insurance Company Limited ("Kotak General Insurance") today announced that it has partnered with Clootrack, an AI-driven, real-time customer experience platform. The latter's comprehensive intelligent customer exp