Swiss insurer Zurich buys 70% in Kotak’s non-life biz
MUMBAI: Zurich Insurance has acquired a 70% stake in Kotak Mahindra General Insurance in a Rs 5,560-crore ($670-million) deal from Kotak Bank after it received regulatory approvals. The deal, which is the largest foreign investment in India’s general insurance sector, was announced in Nov 2023.With this deal, Zurich becomes the first foreign insurer to enter…