insurance acquisition

Medi Assist completes acquisition of Paramount TPA – ET HealthWorld

by
Medi Assist completes acquisition of Paramount TPA – ET HealthWorld

Bengaluru: Healthcare insurance provider Medi Assist Insurance TPA Private Limited (“Medi Assist TPA”), a wholly owned subsidiary of Medi Assist Healthcare Services Limited, has completed its acquisition of a 100% stake in Paramount Health Services & Insurance TPA Pvt. Ltd. (“Paramount TPA”). The acquisition is indicated to add ₹4,000 crore in health premiums under administration. … Read more

‘Jio, LIC and now…’: Insurance expert reacts to new players in general insurance sector

by
‘Jio, LIC and now…’: Insurance expert reacts to new players in general insurance sector

Baba Ramdev’s Patanjali Ayurved, a prominent Indian consumer goods company, has made its foray into the general insurance industry through the acquisition of a majority stake in Magma General Insurance. According to the agreement, Patanjali Ayurved and DS Group, the maker of Rajnigandha, will purchase Magma General Insurance from Sanoti Properties LLP for a valuation … Read more