Axa and Bharti sell India non-life JV to ICICI Lombard for $614mn in stock
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Axa and Bharti sell India non-life JV to ICICI Lombard for $614mn in stock

Anna Sagar
24 August 2020
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email

Axa and Bharti will sell their Indian non-life insurance venture to ICICI Lombard via a share swap valued at around EUR521mn ($614.5mn).   

The enlarged ICICI Lombard will become the third largest non-life insurer in India by premium, up from the fifth, with a market share of around 8.7%, up

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsM&A
Anna-Sagar-220_180.png
Anna Sagar
Gift this article