insurance
Finance
True North eyes spectacular returns from financial services deal
True North, one of India’s oldest private equity (PE) firms, which is on track to raise its seventh mid-market fund ......
Finance
Losses will continue to narrow over next couple of years: Policybazaar UAE
PBFintech-operated insurtech player Policybazaar, which went public in November 2021, had entered the international market in 2018 with Policybazaar UAE. ......
Finance
Insurtech startups looking at revival this year after a cold 2022
Equity fundraising by insurtech startups fell 39% in 2022 but industry experts say this year may mark a revival. These ......
Finance
RenewBuy seeks to raise up to $100 mn in fresh capital
Insurtech startup RenewBuy has appointed Kotak Mahindra Capital to advice on its plan to raise $75-100 million, said three people ......
Finance
Westbridge Capital-backed Star Health to cut OFS size amid weak demand for IPO
The initial public offering of Star Health and Allied Insurance Co Ltd will cut its offer for sale (sale of ......
Consumer
GIC, ADIA and others infuse $429 mn in Star Health IPO as anchor investors
Chennai-based Star Health and Allied Insurance has raised Rs 3,217.13 crore (approximately $429 million) from 62 anchor investors including sovereign ......
Finance
As smaller life insurers lose ground, will coronavirus drive consolidation?
Small private-sector life insurance companies lost ground to their bigger peers as a slowdown began to singe the Indian economy ......
Finance
Fairfax exits 18-year investment in ICICI Lombard, clocking modest returns overall
Canadian investor Fairfax Financial Holdings Ltd has sold its remaining stake in India’s largest private non-life insurer ICICI Lombard General ......
Finance
Oman India Joint Investment Fund to pick up stake in IPO-bound firm
Mid-market private equity firm Oman India Joint Investment Fund (OIJIF) has inked a second consecutive deal in the financial services ......
Finance
Value Lens: Did Carlyle, True North pay ‘premiums' or strike bargains for insurance deals?
The Indian insurance sector has largely been an arena for strategic investors. Private equity firms have generally been bit players. ......