Focus Merit

IRDAI authorizes ICICI Lombard acquisition of Bharti Axa General

  • The Insurance Regulatory and Development Authority of India (IRDAI) has given its in-principle permission for the merger of Bharti AXA General Insurance with ICICI Lombard.
  • The merged entity will have a market share of around 8.7 percent on a proforma basis in the general insurance business.