This bank terminates joint venture agreement with Fairfax Financial Ho – InterviewSolution

InterviewSolution

1.	This bank terminates joint venture agreement with Fairfax Financial Holdings.
Answer» ICICI Lombard General Insurance Company terminates with Canada-based investment firm Fairfax Financial Holdings. The Insurance Regulatory and Development Authority of India (IRDAI) already given its initial approval to Fairfax's new insurance venture. In May 2017, Fairfax Financial Holdings offloaded 12.18 per cent in ICICI General to obtain including Warburg Pincus, Tamarind Capital, and IIFL Special Opportunities Fund, for 2,473 crores.

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