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ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [ 4 ] 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). [ 5 ]
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.
ICICI Lombard. ICICI Lombard is the largest private general insurance company in India, with a 12.5% market share. ICICI Bank, which owns the 74% of ICICI Lombard not owned by Fairfax, requested Indian government approval to sell a 5.9% stake in itself (ICICI Financial Services Ltd.) for $600 million to a group of private equity investors ...
Zuno General Insurance: Private Mumbai: 2017 10 Export Credit Guarantee Corporation of India: Govt. Mumbai: 1957 11 Future Generali India Insurance: Private Mumbai: 2007 12 HDFC ERGO General Insurance Company: Private Mumbai: 2002 13 ICICI Lombard: Private Mumbai: 2001 14 IFFCO TOKIO General Insurance: Private Gurugram: 2000 15 Kotak Mahindra ...
Website. gicofindia .com. General Insurance Corporation of India Limited, (abbreviated as GIC Re ), is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on 22 November 1972 under Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance ...
HDFC ERGO General Insurance Company Limited is a 51:49 joint venture firm between HDFC and ERGO International AG. It is one of the insurance entities of the Munich Re Group in Germany operating in the insurance field under the BFSI sector. [ 2] The retail sector includes various products like health insurance, vehicle insurance, travel ...
ICICI Prudential Life Insurance Company Limited is an Indian life insurance company in India. Established as a joint venture between ICICI Bank Limited [ 6] and Prudential Corporation Holdings Limited, [ 7] ICICI Prudential Life is engaged in life insurance and asset management business. In 2016, the company became the first insurance company ...
Bharti AXA General Insurance Company Limited was a joint venture between Bharti Enterprises and French insurance company AXA incorporated on 13 July 2007. [44] Bharti Enterprises held a 51% stake in the joint venture, with AXA holding the remaining 49%. The company had a nationwide presence through 135 branches across India. [45]
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