Fairfax backs Indian insurance start-up: report

Fairfax Financial has struck a deal to take a 45 percent stake
in a tech-driven, non-life insurance start up in India, led by
former Allianz India head Kamesh Goyal.
The Times of India reported that start-up Digit will
launch with paid-up capital of 385 crore rupees ($59.7mn) and
already has preliminary approval from the Insurance Regulatory and
Development Authority of India.
The remainder of the backing will be provided by Indian
investors, led by Goyal, who will take on the...