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Zurich Insurance Adding 600 People in India Following Kotak Deal

Jun 25 2024 // Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people following its acquisition of a majority stake in Kotak Mahindra Bank Ltd.’s general insurance...

Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance

Jun 19 2024 // Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for US$670 million – marking the largest foreign investment in India’s general insurance...

Canadian Billionaire Prem Watsa to Step Down as Chairman of Fairfax India

Jun 4 2024 // Fairfax India Holdings Corp. on Monday said Prem Watsa, popularly known as “Canada’s Warren Buffett,” will step down as the investment firm’s chairman. He will be replaced by his son Benjamin Watsa,...

Cyclone Lashes India, Bangladesh, Killing at Least 16, Cutting Power to Millions

May 28 2024 // Strong gales and heavy rain triggered by the first major cyclone of the year lashed the coastlines of India and Bangladesh on Monday, killing at least 16 people and cutting power to millions. The winds had not stopped as...

Russian Certifier Steps in After India Drops Safety Cover for Sanctioned Oil Tankers

May 13 2024 // India’s ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions, according to its website, with the vessels instead turning to a domestic...