Axa and Bharti sell India non-life JV to ICICI Lombard for $614mn in stock
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Axa and Bharti sell India non-life JV to ICICI Lombard for $614mn in stock

Anna Sagar
24 August 2020
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Axa and Bharti will sell their Indian non-life insurance venture to ICICI Lombard via a share swap valued at around EUR521mn ($614.5mn).   

The enlarged ICICI Lombard will become the third largest non-life insurer in India by premium, up from the fifth, with a market share of around 8.7%, up

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