Tag: Insurance Regulation
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Mahindra & Mahindra and Manulife Form 50:50 Life Insurance JV in India
Overview of the JV In a significant move for India’s life insurance landscape, Mahindra & Mahindra Ltd. (M&M) announced that its board has approved a joint venture with Canada’s Manulife Financial Corporation to carry on the life insurance business. The venture will be a 50:50 partnership, combining M&M’s broad regional reach and Manulife’s global expertise…
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Mahindra & Mahindra and Manulife Forge 50:50 Life Insurance JV in India
New Era for Indian Life Insurance: A 50:50 JV In a strategic push to expand its financial services footprint, Mahindra & Mahindra Ltd. (M&M) announced that its board approved a joint venture with Canada’s Manulife Financial Corporation to operate life insurance business in India. The 50:50 partnership signals a significant shift in the country’s life…