Generali plans to take majority stake in Indian insurance JVs

Italian insurer Assicurazioni Generali SpA is reportedly looking to increase its stake in Indian nonlife and life insurance joint ventures to 74%, as its local partner, Future Group, intends to exit the insurance business, Verdict reported citing Reuters. Currently, Generali owns 49% stakes in Future Generali India Insurance Co. Ltd. and Future Generali India Life Insurance Co. Ltd.