Hind Times, Uk Firm Sign Mou For Risk Foray

Commercial Union, one of the large insurance groups in Europe, was active in the Indian market till 1972 when the industry was nationalised. Commenting on the tie-up, its director James Rattary, said, " We have been planning our entry strategy into India for the past three years and have been in discussion with several Indian business houses. We believe that Hindustan Times is an ideal partner for general insurance".

Commercial Union manages investments of over $ 100 billion worldwide, operates in 50 countries and has 25,000 staff, an official press release said.