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.
Fortune Financial requests share of India government premiums
15th March 2017
Fortune Financial’s reinsurance entity ITI has requested it be given a share of the reinsurance premium currently designated for government-owned GIC Reinsurance, in a letter to India's insurance industry regulator, the Insurance Regulatory and Development Authority of India (IRDAI), according to reports. According to CNBC- TV18 sources, the reinsurer wrote to IRDAI officials, ... Read the full article
RMS releases new India and China agriculture risk models
13th March 2017
Catastrophe risk modeller, RMS, has launched new agricultural risk models for India and China and plans to expand coverage further into Asia-Pacific and the Americas as part of a strategic focus to help clients close the coverage gap. RMS also announced plans to reveal a series of risk models and updates ... Read the full article
Lloyd’s syndicates eager to expand presence in India
7th March 2017
Lloyd's of London syndicates are looking to expand their presence in India and are keen to increase their participation in regional reinsurance business, after Lloyd's confirmed that it will establish a reinsurance branch in the country prior to the April renewal season, according to Vineet Aneja of Clasis Law. "The establishment ... Read the full article
Two more, including a global reinsurer, await R3 approval from the IRDAI
23rd February 2017
The Insurance Regulatory and Development Authority of India (IRDAI) has received two new applications for the establishment of a general insurer in the region, one coming from a health insurance company and the other from a global reinsurance company. Speaking to the Press Trust of India, IRDAI non-life member P J ... Read the full article
Concerns highlighted over Indian non-life market performance
16th February 2017
Rating agency A.M. Best highlights concerns about a stalling of performance in the Indian non-life insurance market, something reinsurance firms active in the region will need to watch out for. As more players enter the reinsurance market in India it is important to be aware of primary insurer performance in the ... Read the full article
High hopes for Indian reinsurance: Munich Re
14th February 2017
Substantial and sustained growth for reinsurance is forecasted in India, driven by expansion in construction, energy, liability and agriculture lines of business as the country continues to see strong GDP growth, according to Munich Re. Munich Re’s Economic Research unit has projected steady growth for the Indian reinsurance market, with more ... Read the full article
RGA commences India operations
1st February 2017
U.S. domiciled life reinsurer, Reinsurance Group of America (RGA), has announced that it today commenced operations from its Mumbai, Indian branch, after receiving regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI), reports the Times of India. The IRDAI has given approval to a number of foreign ... Read the full article
XL Catlin gets IRDAI approval to open India branch
23rd January 2017
XL Catlin’s reinsurance business announced today that the Insurance Regulatory Development Authority of India (IRDAI) has given the reinsurer final permission to open a branch in India. The new branch will offer treaty and facultative reinsurance and is set to open in Mumbai in time for the April 1st renewal period. Mike McGavick, ... Read the full article
Swiss Re gets India reinsurance branch license
23rd January 2017
The Insurance Regulatory and Development Authority of India (IRDAI) has given Swiss Re approval to open a branch in Mumbai, making it among the first five foreign reinsurers to operate in India. The Mumbai branch will be effective from February 1st, enabling Swiss Re to offer both non-life and life and ... Read the full article
GIC Re doubles growth due to government crop insurance scheme
19th January 2017
Indian state backed reinsurance firm General Insurance Corporation of India (GIC Re) has been able to double its growth thanks to the roll-out of a government backed crop and weather-index insurance scheme. As the state-backed reinsurer, GIC Re has priority on re/insurance schemes such as the Pradhan Mantri Fasal Bima Yojana, ... Read the full article
Lloyd’s gets final approval, will launch in India before April reinsurance renewals
19th January 2017
The specialist Lloyd's of London insurance and reinsurance marketplace has received final approval from the Insurance Regulatory Development Authority of India (IRDAI) to establish a regional branch, and the market has said that it will open its new, Indian office in time for the April 2017 reinsurance renewals. After receiving R3 approval ... Read the full article
SCOR receives R3 approval from the IRDAI to establish regional branch
28th December 2016
Insurer and reinsurer SCOR has received R3 approval from the Insurance Regulatory and Development Authority of India (IRDAI) to establish a Composite Branch office in the region, the company has announced. SCOR is the latest global re/insurer to receive R3 authorisation, after the IRDAI granted approval to five other reinsurance ... Read the full article
IRDAI approves India market access for five global reinsurers
23rd December 2016
The Insurance Regulatory and Development Authority of India, the countries authority for insurance and reinsurance rules and market access, has approved five global leading global reinsurance firms to launch their branch operations there. The list of reinsurance firms that have received so-called R3 approval includes the largest four global players, Germany's ... Read the full article
- ← Previous
- 1
- …
- 14
- 15
- 16
- 17
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
