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India Reliance Cap mulls JV with Swiss Re

India Reliance Cap mulls JV with Swiss Re
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First Published: Mon, Apr 05 2010. 12 23 PM IST
Updated: Mon, Apr 05 2010. 12 23 PM IST
New Delhi: Reliance Capital is in talks with Zurich-based reinsurer Swiss Re for a proposed foray into health insurance, The Economic Times newspaper reported on Monday.
The report said the discussions for a joint venture health insurance company was taking place alongside talks for Swiss Re’s equity participation in Reliance Life, a unit of Reliance Capital.
Last week, the Mint newspaper had reported Reliance Life may sell a 26% stake to Swiss Re for at least Rs7 billion ($157 million.)
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First Published: Mon, Apr 05 2010. 12 23 PM IST