Insurance Laws Act News
Insurance regulator Irdai has set up a 17-member committee to conduct a comprehensive review of the existing reinsurance framework.
The Competition Commission has cleared Prem Watsa run Fairfax Financial Holdings' proposed acquisition of additional nine percent stake in ICICI Lombard General Insurance Company for an estimated Rs 1,550 crore.Following the transaction, Fairfax will hold 35 percent in ICICI Lombard, while ICICI Bank will have about 64 percent stake.
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