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ICICI Lombard mergers with Bharti AXA

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ICICI Lombard mergers with Bharti AXA

  • On 23rd August 2020, General Insurance Company ICICI Lombard has made an announcement about the merger of their businesses.
  • After completing the process of merger with Bharti AXA, ICICI Lombard will be the 3rd-largest non-life insurer in the country.
  • After the merger, both companies will have a combined annual premium of 16,447 crore rupees and will have a market share of approximately 8.7 per cent.

About ICICI Lombard –
CEO – Bhargav Dasgupta
Headquarters – Mumbai
Founded – 2001

About Bharti AXA –
CEO – Sanjeev Srinivasan
Founded – August 2008
Headquarters – Mumbai

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