Raligare, Swiss Re form health insurance JV

Financial services firm Religare Enterprises has signed a non-binding agreement with Swiss Reinsurance to develop a health insurance joint venture (JV) in the country. The proposed joint venture will further strengthen Religare s diversified portfolio and bolster its presence in the insurance domain. Swiss Re will be a minority shareholder and will seek to provide its actuarial, risk management and underwriting expertise to the new venture. The proposed joint venture will seek to commit sufficient investment to achieve a successful launch of the business, which Religare and Swiss Re anticipate will be operational by 2010. ...

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