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flag Zurich Insurance Group acquires a 70% stake in Kotak Mahindra Bank's general insurance arm for $671M, marking the largest global investment in an Indian non-life insurer.

flag Zurich Insurance Group will acquire a 70% stake in Kotak Mahindra Bank's general insurance arm for ₹5,560 crore ($671 million) in a single upfront deal, marking the largest investment by a global insurer in an Indian non-life insurer. flag The deal will involve primary and secondary acquisitions and is subject to regulatory approvals from the RBI, IRDAI, and CCI. flag The partnership aims to combine Kotak Group's pan-India distribution presence with Zurich's global capabilities in digital assets, B2B, and B2C formats to help the non-life insurer grow rapidly.

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