ICICI Lombard General Insurance Co. Ltd.
ICICI Lombard General Insurance came into existence after the collaboration between ICICI Bank Limited and Fairfax Financial Holdings Limited. ICICI Bank is regarded as the second largest banking establishment in India. Up to 31st March, 2014 the total asset of ICICI Bank was over $99 billion. The headquarters of Fairfax Financial Holdings Limited is located in the city of Toronto in Canada. Fairfax Financial Holdings Limited deals with general insurance, reinsurance, investment management and insurance claims management and the total asset of the company is worth $37 billion. The tie-up between Fairfax Financial and ICICI Bank happened in 2001. ICICI Bank enjoys 74% share in the partnership and the rest of the share is owned by Fairfax Financial Holdings Limited.