Sunalliance Stays With Dcm Shriram For Insurance Foray

The decision to choose one of the two as partner for India operations comes two months after Royal and Sunalliance merged on July 19. Royal had earlier signed an agreement with DCM Consolidated, while Sunalliance had an arrangement with Cholamandalam Finance of the Murugappa group.

There was room for only one partner in India and we had to choose between the two Indian companies. It was a difficult decision because Cholamandalam has the reputation of being very good in their joint venture business with other British companies,