Insurance
BNP Paribas to acquire AXA’s fund business for $5.5bn
05 Aug 2024
French banking group BNP Paribas is in exclusive talks with insurer AXA to acquire AXA Investment Managers, in a deal worth €5.1 billion ($5.5 billion).
Axis Bank invests additional Rs336-cr in Max Life, raises stake to 19.99%
20 Jun 2024
Axis Bank, India’s third-largest private sector lender, has acquired additional equity shares of Max Life Insurance Company worth Rs336 crore
IRDAI recommends exclusion of 17 ailments from insurance cover
05 Nov 2018
The standardised list of 17 permanent exclusions include epilepsy, congenital heart disease, cerebral stroke, chronic liver and kidney diseases, hepatitis B, Alzheimer’s, Parkinson’s, HIV and AIDS, loss of hearing, and physical disabilities, among others
GE Capital's $6.2 bn insurance losses force a revival of breakup plans
17 Jan 2018
General Electric Co is planning to undertake a more comprehensive restructuring, a decade after it hived off substantial businesses to concentrate on its main business
Buffett’s Berkshire Hathway lifts Gregory Abel and Ajit Jain to the board
11 Jan 2018
While Buffett has long said Ajit Jain has probably made more money for Berkshire than he has, many investors and analysts view Gregory Abel as the favourite to become CEO, citing his age and experience in acquisitions and operations