Multiple Choice Questions on The ICICI Lombard General Insurance Company has announced its merger with which insurance company ........ for General Knowledge ( All Exams) Preparation

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    The ICICI Lombard General Insurance Company has announced its merger with which insurance company ?

    HDFC ERGO General Insurance Company

    Incorrect Answer

    Bharti AXA General Insurance Company

    Correct Answer

    Bajaj Allianz General Insurance Company

    Incorrect Answer

    IFFCO Tokio General Insurance Company

    Incorrect Answer
    Explanation:
    • ICICI Lombard General Insurance has entered into a definitive agreement to acquire Bharti Enterprises-promoted Bharti AXA General Insurance in all stock transaction.
    • Bharti Enterprises currently owns 51 per cent stake in Bharti AXA General Insurance, while French insurer AXA has 49 per cent.
    • ICICI Lombard general insurance company is going to merge with Bharti AXA’s non-life insurance business through a scheme of arrangement. According to ICICI Lombard, it will be the third-largest non-life insurer in India.

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