Reinsurance News
India
India’s insurance and reinsurance market is dynamic and growing, a key location for global players and with an expanding domestic marketplace.
Read our India insurance or reinsurance news and analysis below.
Reinsurers are committed to an Indian market at the forefront of global growth: Agarwal, Howden India
31st March 2026
In an interview with Reinsurance News, Amit Agarwal, Chief Executive Officer (CEO) and Managing Director (MD) of Howden India, explained that, amid abundant capacity and heightened competition, certain areas of the market projected a softening in price ahead of the April renewals; however, reinsurers remain deeply committed to the Indian ... Read the full article
Niyam becomes first IIO to offer Lloyd’s capacity from GIFT City
30th March 2026
Niyam Group has received authorisation to operate as a Tier 2 Insurance Intermediary Office (IIO) in GIFT City, with Sumit Aneja appointed as Principal Officer. The company was launched in January this year by Bobby Swarup, an insurance industry veteran with more than two decades of experience. Niyam is an Indian ... Read the full article
Allianz Jio Re commences operations in India
26th March 2026
Allianz Jio Reinsurance Limited (Allianz Jio Re), the joint venture of Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V., has commenced its operations, including underwriting reinsurance in India, effective immediately. Allianz Jio Re, led by Sonia Rawal as Chief Executive Officer (CEO), combines ... Read the full article
Indian gov mulls establishment of war-risk fund for ships passing through conflict-hit waters, says report
19th March 2026
The Indian government is planning to set up a fund dedicated to supporting insurers providing war-risk cover for ships to and from the country which are travelling through conflict-hit waters in West Asia, according to a report by the Economic Times of India, citing people familiar with discussions. The Middle East ... Read the full article
Echo Re opens branch in India’s fast growing GIFT City
16th March 2026
Zurich-based reinsurer Echo Re has received approval from the International Financial Services Centres Authority (IFSCA) of India to establish a reinsurance branch office in Gujarat International Finance Tec-City (GIFT City), strengthening its operational capacity in one of its key markets. Echo Re explained that it has maintained a presence in the ... Read the full article
Gallagher India strengthens liability practice with three leadership appointments
13th March 2026
Gallagher India has strengthened its liability practice with three new leadership appointments, including Mayank Sharma as National Head – Liability. The firm has also named Jyoti Krishnan as Chief Legal Officer and National Head – Liability & Specialty Claims, and Sunny Goel as Strategic Business Leader – Liability & Renewable Energy. Sharma ... Read the full article
IRDAI approves registration of Allianz Jio Reinsurance & Kiwi General Insurance
10th March 2026
The Insurance Regulatory and Development Authority of India (IRDAI) has granted a Certificate of Registration to new reinsurer Allianz Jio Reinsurance Limited, and new general insurer Kiwi General Insurance Limited. The approvals were passed at the 134th Meeting of the Authority, held on 9th March 2026, and enables the two companies ... Read the full article
Markel International adds Jain as India’s Business Development & Distribution Lead
9th March 2026
Markel Insurance, the insurance operations within Markel Group Inc., has appointed Ravi Jain as Business Development and Distribution Lead for India, based in Mumbai, effective immediately. This appointment aligns with Markel's broader commitment to invest in India and build strong local partnerships through market expertise. In his new role, Jain will report ... Read the full article
Jio Financial invests ₹147.45 crore in JV Allianz Jio Reinsurance
6th March 2026
Jio Financial Services Limited has subscribed to and has been allotted 14,74,50,000 equity shares worth ₹10 each of its joint venture Allianz Jio Reinsurance Limited, according to a filing with the National Stock Exchange of India Limited (NSE). With the latest investment, Jio Financial's total aggregate investment in the previously ... Read the full article
PartnerRe to establish a branch office in India’s GIFT City
26th February 2026
Bermuda-based reinsurer PartnerRe has received regulatory approval to establish a branch office in India’s Gujarat International Finance Tec-City (GIFT City). The new branch is part of PartnerRe’s Asia Pacific reinsurance business, led by James Beedle, CEO of PartnerRe Asia Pte. Ltd. and CEO P&C APAC. PartnerRe said the expansion reinforces its long-term ... Read the full article
Africa Specialty Risks appoints Laxmeekant Walikar as Principal Officer & MD, India
23rd February 2026
Africa Specialty Risks (ASR), the developing-markets-focused re/insurance group, has announced the appointment of Laxmeekant Walikar as Principal Officer and Managing Director (MD), India. In his new role, Walikar will facilitate ASR’s entry into the Indian market through GIFT City in Gujarat, culminating in the establishment of ASR’s Lloyd’s service company for ... Read the full article
Santam becomes first BRICS-based insurer to set up presence in India GIFT City
19th February 2026
South African short-term insurer Santam has been granted a licence to establish a reinsurance branch office in the Gujarat International Finance Tec-City (GIFT City), India’s first operational greenfield smart city and International Financial Services Centre (IFSC). Santam Limited will operate the branch as an International Insurance Office (IIO) regulated by the ... Read the full article
India opens insurance sector to 100% foreign ownership under automatic route
16th February 2026
The Department for Promotion of Industry and Internal Trade has formally liberalised India’s insurance sector, permitting up to 100% foreign direct investment (FDI) under the automatic route, marking a significant shift in ownership policy for insurers operating in the country. Under the revised framework, foreign investors will no longer require prior ... Read the full article
MAPFRE Re establishes India branch office
13th February 2026
Spanish insurance company MAPFRE's reinsurance branch, MAPFRE Re, has received approval from the International Financial Services Centres Authority (IFSCA) of India to open its newest branch office in Gujarat International Finance Tec-City (GIFT City). The establishment aims to strengthen the reinsurer's operational capacity and offer a more tailored service in one ... Read the full article
India will inevitably require deeper & more sophisticated reinsurance support
4th February 2026
During a discussion at the third edition of the Global Reinsurance Summit 2026, industry leaders said that India's low insurance penetration, expanding infrastructure, growing catastrophe exposure, and rising demand for new solutions such as surety bonds, parametric covers, cyber and specialty risks, will inevitably require deeper and more sophisticated reinsurance ... Read the full article
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