New Delhi, May 20 -- India's insurance sector has found renewed vigour, with two global players ready to expand their market presence and others exploring entry. On Monday, US-based Liberty Mutual Insurance announced a stake increase in its Indian venture Liberty General Insurance to 74% from a bit above 55%.

A day earlier, UK-based Prudential said it will buy a 75% stake in Bharti Life Insurance Company. Also, Germany's Allianz has struck a 50:50 joint venture (JV) with Jio Financial Services. Other major insurers are reportedly keen to enter.

Earlier this month, India amended its foreign-exchange law to ease the path for 100% foreign direct investment (FDI) in this sector, the 74% cap on which was lifted in February.

While FDI for ma...