Investors Are More Interested on Insurance Industry

Deals have been of a varied nature: from fresh equity investments in insurtech startups to scaling up equity after 100 percent FDI was allowed in the insurance intermediary business in 2020.

Last week, UK’s Howden Broking announced it has got regulatory approval for a 100 percent acquisition of Howden India (from 49 %).

Global insurance broker Gallagher, which acquired Edelweiss Insurance Brokers in July 2021, has rebranded the entity in March 2022. Gallagher first picked up a 30 % stake in Edelweiss Insurance Brokers in 2019.

Just a month ago, insuretech platform Turtlemint scooped up $120 million in its Series E round led by Amanda Capital, Jungle Ventures, and Nexus Venture Partners.

In the same month, global investment firm KKR had picked up a 10 percent stake in Shriram General Insurance for an estimated $237 million.

Source-

https://www.telegraphindia.com/business/investors-plug-into-insurance/cid/1867504

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