Allianz Financial News

Subscribe to enjoy similar stories. Mumbai: Succession planning at Bajaj family’s financial services businesses begins by identifying young leaders and grooming them for years so that they can step up in future, Sanjiv Bajaj, chairman and managing director, Bajaj Finserv said. “We identify them early.

Subscribe to enjoy similar stories.Mumbai: From technology to automobiles to pharmaceuticals, Indian companies are scaling up their global ambitions like never before.They are using large acquisitions overseas to quickly scale, deliver higher value products and compete on the global stage. The latest one—Sun Pharmaceutical Industries Ltd’s $11.75 billion acquisition of US-based specialty drugmaker Organon & Co, second only to the Tata Steel's $12-billion purchase of Corus Group nearly two decades ago, caps a year of such bold bets.Whether it is Coforge Ltd’s $2.39 billion buyout of California-based Encora, Tata Motors Ltd’s $4.5 billion bet on Italy’s Iveco, or Bajaj Auto Ltd’s $906 million acquisition of its long-time Austrian partner KTM, Indian companies are spending top dollar on acquiring companies overseas, which give them access to technology and newer markets.Coforge is an IT services provider that caters to legacy companies.

Mint in an interview.From JSW Paints acquiring AkzoNobel to Torrent Group acquiring J.B. Chemicals & Pharmaceuticals to Bajaj Finance buying out Allianz, growth-hungry Indian business groups are now making substantive M&A moves, he said.“We have seen that capital from global investors is headed towards India, and domestic capital continues to flow unabated.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] a year that saw initial public offerings (IPOs) eclipse other investment banking activity, cross-border merger and acquisition (M&A) transactions gained traction and are expected to continue through next year, industry executives said.

Subscribe to enjoy similar stories. Mumbai: Bajaj Finserv Ltd. expects significant growth in its financial services business over the next 15-20 years, driven by greater penetration of financial products and rising per capita income.

Srinivas Rao Ravuri, Chief Investment Officer, Bajaj Allianz Life Insurance. While a 12-13% earnings growth rate may not seem particularly strong at first glance, we believe it represents a credible target given the prevailing global uncertainties, he said in an interview with ET Markets.

Subscribe to enjoy similar stories. BERLIN—Germany’s mammoth spending package cleared its last parliamentary hurdle, paving the way for as much as €1 trillion in civilian and defense investments to jolt the region’s economy and reduce its military reliance on the U.S.

Subscribe to enjoy similar stories. The Bajaj Group and Allianz SE are finally parting ways after 24 years. Bajaj will buy Allianz's 26% stake in its insurance business: Bajaj Allianz General Insurance Co.

Bajaj Finserv has signed a binding agreement to acquire Allianz SE’s 26% stake in its life and general insurance ventures for ₹24,180 crore, ending a 24-year-old partnership. The buyout, priced at ₹13,780 crore for Bajaj Allianz General Insurance Company and ₹10,400 crore for Bajaj Allianz Life Insurance Company, will take the Bajaj Group’s holding from 74% to full ownership, the company said in a stock exchange filing on Monday. Allianz said it will explore “reinvestment of sale proceeds into potential new opportunities in India.” The deal, subject to approvals from Competition Commission of India and insurance regulator IRDA, may see Allianz receiving proceeds in multiple tranches.

However, buying a life insurance plan could all be in vain, if you your insurer does not honor the claims made by policyholders. How can you figure out if your life insurance company makes timely payouts on claims made by its policyholders? What percentage of the total claims received by the insurer during the year does it pay and how much is delayed? To understand how effective your life insurer is in claim settlement, you can take help of the claim settlement ratio. Insurance watchdog IRDAI (Insurance Regulatory and Development Authority of India) annually releases a handbook of Indian Insurance Statistics detailing the claim settlement ratios of all life insurers in the country.

Bajaj Allianz Life Insurance has launched its new index-based fund — Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund — which will be available along with its ULIP products.

Irdai) met with promoters of large insurance companies, including Sanjiv Bajaj, Uday Kotak, and Keki Mistry, and urged them to present a clear road map for listing their insurance companies within the next two to three years, sources aware of the development told ET. «Prominent industry leaders, including Sanjiv Bajaj, Uday Kotak, and Keki Mistry, along with senior representatives from the SBI and other banks, attended meetings with Irdai,» said an industry executive, who declined to be named. «The regulator insisted on meeting promoters and not just managing directors and CEOs, as they take responsibility for charting out a timeline and strategy.»

Personal finances are top of mind for many households as they get set to ring in the new year.

Bramoullé takes over as UK CEO after more than three years spent as head of marketing and products at Amundi. Prior to that, he was Amundi's CEO for South Asia from 2018 to 2021, as well as CEO at Amundi Austria from 2015 to 2018 and CEO of Amundi Poland from 2013 to 2015. Allianz and Amundi halt M&A talks — reports Bramoullé began his career at Société Générale Asset Management as an equity portfolio manager in April 1999, where he worked for over six years before moving on to SBI Funds Management in India to become vice president of its Investment Risk and Process Control de...

IndusInd International Holdings (IIHL) is in advanced talks with investors including 360 One, Barclays, Bank of America, Allianz Private Credit Fund, ICICI Prudential AMC Private Credit, Edelweiss Alternatives, Alpha Alternatives Fund and Tata Capital to raise ₹4,300 crore in the second tranche to complete its acquisition of Reliance Capital by January end, people aware of the development said. Barclays alone is contributing ₹1,000 crore in this round of non-convertible debenture (NCD) issue, one of them said.

According to Bloomberg, the French asset manager has been holding intermittent discussions with Allianz Global Investors (AllianzGI) for months about a potential deal. Possible actions include a full takeover by Amundi, or a possible combination with AGI, with Allianz retaining a sizeable stake. There is a prospect of an agreement being reached before Amundi's annual results on 4 February next year, but there are no guarantees the talks will lead to a deal. Both firms are being helped by advisers as they are looking into different asset management transactions, according to Bloombe...

Subscribe to enjoy similar stories. Insurance companies charge hefty premiums for health policies and often revise them upwards to adjust for medical inflation. It comes as a surprise, therefore, if they reject or only partially settle claims linked to modern treatment methods and advanced procedures.

Key Square Group founder Scott Bessent and chief economist at the America First Policy Institute Michael Faulkender discuss former President Trump's agenda on 'Kudlow.'

Regulatory changes like amendment in the Insolvency & Bankruptcy Code and standardization of bond wordings would give a fillip to newly introduced product underwritten by general insurance companies, called surety bonds, experts said. This product launched in 2022 is going to play a crucial role in supporting India's infrastructure development and heavily reduce reliance on bank guarantees for project finance. As a result, banks can focus on other productive sectors for lending. Bajaj Allianz General Insurance, which is the pioneer of the product said that it has been able to add more than 50 beneficiaries who have started accepting surety bonds. According to Bajaj Allianz General Insurance Chief Technical Officer TA Ramalingam, possible amendments in the legal framework are crucial in providing insurance companies with equal legal recourse as banks under the Insolvency and Bankruptcy Code (IBC).

Bajaj Finserv on Tuesday said that German company Allianz SE is actively considering to exit from the life and general insurance joint ventures (JV) with Bajaj Group, ending a partnership of over two decades. Bajaj Finserv holds a 74 per cent stake in the JV. It's shares were trading at Rs 1744.05 apiece on the BSE, down 0.85 per cent. Allianz, which holds the remaining 26%, has indicated its strategic priorities have shifted, prompting the potential exit.

NPS investors have to buy an annuity plan using at least 40% of their retirement corpus from the National Pension System. The monthly pension you can generate out of this corpus will depend on the annuity rate you get. The rates offered by annuity plans vary vastly depending on the annuity service provider. If you go for an annuity plan without comparing the rates and end up with the lowest rate, you may lose Rs 21.12 lakh on an investment of Rs 50 lakh, on account of annuity income, during a 30-year post-retirement life period, with a joint life annuity option. You can choose from 15 annuity service providers, and benefit from the competition among them if you pay attention to the fine print of their plans . We explain how you can make the best of your lifetime earnings by going for the most suitable annuity plan.