Ttk Health Insurance - Health Insurance

Rel Cap in talks with Swiss Re for health JV, foreign co may also buy stake in ... Economic Times

04.04.10

MUMBAI: Reliance Capital is in talks with Swiss Re for a proposed foray into health insurance. The discussions for a joint venture health insurance company are understood to be taking place alongside talks for the Swiss reinsurer’s equity participation in Reliance Life Insurance.

When contacted, Reliance Capital chief executive Sam Ghosh refused to comment. In response to an email query, a Swiss Re spokesperson said: “This is a rumour and Swiss Re will not comment on rumours.” There have been news reports that Swiss Re would pick up 10-15% in Reliance Life Insurance at around Rs 1,500 crore. A deal at this price would value the life insurance business at over $3 billion. Neither Reliance nor Swiss Re have commented on these news reports as well.

Sources said Reliance had been in talks with a couple of other potential partners. The company is now learnt to be close to finalising a deal by next month. According to sources, talks have reached a stage where

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Ttk Health Insurance - News

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