Tag: Zurich Insurance

Kotak Mahindra Bank and Zurich Insurance Group Announce Strategic Alliance

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Kotak Mahindra Bank Limited, Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) and Zurich Insurance Company Limited (Zurich) have entered into definitive agreements for a transaction whereby Zurich will invest (approximately) Rs 4,051 crore to acquire a 51% stake in Kotak General Insurance through a combination of fresh growth capital and share purchase. Further,…

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Zurich and Farmers Exchanges to buy MetLife’s property and casualty business in U.S. for $3.94 bn

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Zurich Insurance Group subsidiary Farmers Group, Inc. has agreed to acquire MetLife’s property and casualty (P&C) business in the U.S. together with the Farmers Exchanges for USD 3.94 billion. Zurich will contribute USD 2.43 billion through FGI and the Farmers Exchanges’ USD 1.51 billion. The transaction gives the Farmers Exchanges a truly nationwide presence and…

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