Insurance IRDAI approves ICICI Lombard and Bharti AXA deal

IRDAI approves ICICI Lombard and Bharti AXA deal

ICICI Lombard proposed to buy Bharti Axa last year in an all-stock deal

Team Cafemutual Sep 7, 2021

IRDAI has given its go ahead to ICICI Lombard General Insurance to acquire Bharti AXA's general insurance business.

In a regulatory filing, ICICI Lombard said, “The company got a letter from IRDAI on September 3, 2021, granting final approval to the proposed scheme.”

The company said that it would complete the merger within three days.

Last year, ICICI Lombard proposed to buy Bharti AXA General Insurance in an all-stock deal.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Insurance industry needs close to 1 crore agents: IRDAI

Who are the top non-life players across business segments?

Life insurance AUM reaches Rs.68 lakh crore: IRDAI

Who are the top players in health insurance?

Niva Bupa Health Insurance to go public

HDFC Life, LIC and Tata AIA Life add highest number of agents in April-Sept 2024

Insurers likely to do background checks of agents and intermediaries

IRDAI’s online platform for agents is ready for a soft launch

Claim experience has to be enhanced: IRDAI

IRDAI admits data leak issues with two insurers

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS