Swiss insurer Zurich buys 70% in Kotaks non-life biz - Qoneqt
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    Vikshita Vitthal Gujaran in News

    20 Jun 04:56 AM


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    Swiss insurer Zurich buys 70% in Kotaks non-life biz

    Zurich Insurance acquires a 70% stake in Kotak Mahindra General Insurance for $670 million, marking the largest foreign investment in Indias general insurance sector. The strategic move positions Zurich Insurance to tap into Indias expanding insurance market, bolstering sector development and enhancing customer resilience against risks.