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.
Reports suggest Bajaj Finserv eyeing reinsurance foray, former GIC Re chief tipped to lead venture
5th October 2026
Reports have emerged suggesting that Bajaj Finserv is to enter the reinsurance business and is likely to file an application with the Insurance Regulatory and Development Authority of India (IRDAI), with former GIC Re chairman N Ramaswamy Narayanan reportedly set to lead the venture. Both CNBC-TV18 and the Economic Times have ... Read the full article
Swiss Re appoints Kumar Head for India’s Global Capability Centre
18th September 2026
Global reinsurer Swiss Re has announced the appointment of Puneet Kumar as the Location Head for India's Global Capability Centre (GCC). Kumar will continue to lead Central Operations for Asia Pacific while taking on responsibility for his new position as GCCs India. The executive brings over two decades of experience, alongside extensive ... Read the full article
Qatar Islamic Insurance to establish its reinsurance branch in India’s GIFT City
26th August 2026
Qatar Islamic Insurance Group has received a license from the authorities of the International Financial Services Centre (IFSC) to establish an Indian branch to conduct reinsurance business in Gujarat International Finance Tec-City (GIFT City). The firm is the latest in a long line of re/insurers to establish its presence in GIFT ... Read the full article
GIC Re sees increased profit and gross premium income in Q1’27
13th August 2026
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has announced its latest financial results, reporting increased profit after tax and gross premium income of ₹1,922.04 and ₹13,475.36 crore, respectively, for the first quarter ending June 30, 2026. Q1 2027 profit after tax was up from the ₹1,752.23 ... Read the full article
MS First Capital begins reinsurance operations from India’s GIFT City
11th August 2026
Singapore headquartered non-life insurer, MS First Capital Insurance Limited, commenced reinsurance operations from its new office in India's Gujarat International Finance Tec-City (GIFT City) on July 29th, 2026. Founded more than 75 years ago as The Public Insurance Company Limited, the insurer has evolved over the years via strategic acquisitions and ... Read the full article
Swiss Re CorSo enters exclusive partnerships in India and Mexico to insure large MNCs
6th August 2026
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of the Swiss Re Group, has established exclusive partnerships with Bajaj General Insurance in India and GNP Seguro in Mexico to provide protection to large multinational companies (MNC). The firm will offer insurance solutions to the “growing number” of companies, ... Read the full article
Bajaj Finserv Board approves plan to enter reinsurance business
31st July 2026
Bajaj Finserv, an Indian non-banking financial company providing financial services across insurance, fintech, health and asset management, has announced that its board has approved a proposal to establish a reinsurance company. The company currently operates general and life insurance businesses, alongside a range of financial technology, healthcare and asset management initiatives. Bajaj ... Read the full article
PartnerRe names Ankur Gupta as CEO India
16th July 2026
Bermuda-based reinsurer PartnerRe has announced the appointment of Ankur Gupta as Chief Executive Officer (CEO) of its India operation. Gupta brings more than 20 years of industry experience spanning reinsurance, primary insurance and broking. He joins PartnerRe after nine years at Munich Re, where he most recently served as Head of Client ... Read the full article
Ankur Sharma named Principal Officer of Echo Re’s India branch
10th July 2026
Zurich-based reinsurer Echo Re has announced the appointment of experienced insurance executive Ankur Sharma as the Principal Officer of its India branch at the Gujarat International Finance Tec-City (GIFT City). Sharma, a highly respected figure in the Indian insurance industry, joins Echo Re after nearly ten years at Swiss Re, where ... Read the full article
Thierry Porté and Jonathan Cox join Niyam’s Board
29th June 2026
Thierry Porté, Managing Director & Vice Chairman, J.C. Flowers & Co., and Jonathan Cox Managing Director, J.C. Flowers & Co., have joined the Board of Directors of Niyam Group, an Indian-focused reinsurance platform. Porté and Cox bring decades of experience investing in and building leading businesses around the world through J.C. ... Read the full article
BMS establishes Global Capability Centre in Mumbai led by Nipun Mapara
23rd June 2026
BMS Group, an independent global insurance and reinsurance broker, has established a Global Capability Centre (GCC) in Mumbai, led by Nipun Mapara as Managing Director (MD), with Sanjeev Poojari appointed as Head of Operations. The new centre marks a significant step in the broker’s long-term strategy to build data, analytics, and ... Read the full article
Minesh Jani joins Gallagher Re as CEO of India
23rd June 2026
Gallagher Re, a global reinsurance broker and advisory firm, has confirmed that Minesh Jani has now joined as Chief Executive Officer (CEO) of India, which was announced back in February. “Minesh has built strong, collaborative relationships across clients, markets and regulators in the region, enabling consistent growth and long-term partnerships. ... Read the full article
Echo Re welcomes Rajil Khare as Senior Underwriter, Indian Sub-Continent
23rd June 2026
Echo Reinsurance Limited (Echo Re), a Swiss-based reinsurer, has announced the appointment of Rajil Khare as Senior Underwriter, Indian Sub-Continent, effective June 22, 2026. His appointment further strengthens Echo Re’s footprint in the rapidly growing Indian market, the firm stated. While the reinsurer has maintained a steady presence in India for over ... Read the full article
Indian government to sell 5% stake in GIC Re
16th June 2026
The Indian government is looking to sell up to 87,720,000 equity shares of Indian public sector reinsurer, General Insurance Corporation of India (GIC Re), to investors on June 16th and June 17th, 2026, collectively representing 5% of the total issued and paid up equity share capital of the reinsurer. The floor ... Read the full article
GIFT City is attracting global reinsurance capital at scale, says PB Fintech’s Singh
15th June 2026
In an interview with Reinsurance News, PB Fintech’s Joint Group Chief Executive Officer, Sarbvir Singh, emphasised that a more open and predictable regulatory environment is attracting global reinsurance companies to India’s first International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (GIFT City). Insurance and reinsurance volumes have expanded rapidly at ... Read the full article
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