IRDAI authorizes ICICI Lombard acquisition of Bharti Axa General
Nitin Yadav
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.