MetLife to raise stake in Indian life insurance JV

Pedro Gonçalves
MetLife to raise stake in Indian life insurance JV

American insurance major MetLife is looking to raise its stake in the Indian life insurance business it runs through a joint venture with state-owned lender Punjab National Bank. A source familiar with the negotiations told local news outlet The Economic Times that, "MetLife is now looking to buy stake in the Indian life insurance company." "The leadership change at the global level, with Kishore Ponnavolu moving to head Asia region and Michel Khalaf as head MetLife Worldwide, has trigg...

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