Search results
Results from the WOW.Com Content Network
ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [5] In a 2016 fiscal, ICICI Bank sold a 9.0% stake in ICICI General to its joint venture partner, Fairfax Financial Holdings, at a company valuation of ₹ 172.25 billion (equivalent to ₹ 250 billion or US$3.0 billion in 2023). [6]
ICICI Prudential Life Insurance started its operations in 2001. The life insurance arm was established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited [10] with assets under management (AUM) of approx. ₹ 1 billion (US$12 million). [11] In 2005, the company crossed the mark of 1 million policies. [12]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI Bank and Prudential plc. [4] It is the second-largest asset management company in India after the SBI Mutual Fund .
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
The net incurred claims ratio increased to 112.14% in 2022-23 from 110.80% in 2021-22. The profits generated by the sale of investments increased by ₹ 329.16 crore (US$39 million), though the income from interest, dividends, and rent increased by ₹ 149.92 crore (US$18 million).
Bakhshi, an employee of ICICI since 1986, was appointed as MD & CEO in October 2018. [3] [4] [5] Prior to this, he was the managing director and CEO of ICICI Prudential Life Insurance from August 2010 to June 2018 [4] and MD and CEO for ICICI Lombard General Insurance Company in April 2002.
Acko General Insurance was founded by Varun Dua, is the Chief Executive Officer. [7] As of 2018, Acko has raised ₹274 crore ($42 million) in funding from investors such as Amazon, Accel Partners, SAIF Partners, Catamaran Ventures.