Blackstone ties up with HDFC Ergo Ex-MD Anuj Tyagi for new insurance biz

Blackstone and Anuj Tyagi are launching a new general insurance company in India. This venture will be 90% foreign-owned, following recent FDI limit increases. The company has filed an R1 application with IRDAI for approval to operate. It plans to utilize generative and agentic AI across all its operations. This move signifies growing global investor interest in India's insurance sector.