A joint venture health insurance company in India is being formed by Religare Enterprises Ltd and Swiss Reinsurance Company (Swiss Re). An agreement has been agreement in this regard by the two parties.
Swiss Re will be a minority shareholder and will seek to provide its actuarial, risk management and underwriting expertise to the new venture.
The proposed joint venture will seek to commit sufficient investment to achieve a successful launch of the business, which Religare and Swiss Re anticipate will be operational by 2010.
The proposed joint venture will further strengthen Religare’s diversified portfolio and bolster its presence in the insurance domain.
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