Bharti AXA General Insurance Company, a 74:26 joint venture between Bharti Enterprises and AXA group, said it would break even by December, 2014 as the company aimed to grow by 25-30 per cent in the next two years.
HSBC has agreed to sell its general insurance businesses to AXA Group and QBE Insurance Group for a cash consideration of USD 914 million, as Europe's biggest bank moves ahead with its plan to divest non-core assets.
Bharti Enterprises today announced its decision to sell its entire interest in its two joint ventures with AXA, both Life and General Insurance, to Reliance Industries.