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.
Minesh Jani to serve as Gallagher Re’s India CEO
3rd February 2026
Global reinsurance broking and advisory firm Gallagher Re has appointed Minesh Jani as the Chief Executive Officer (CEO) of India, effective from June 2026. Jani is a reinsurance industry veteran with over three decades of experience. Most recently, he served as the Managing Director of Howden Insurance Brokers Limited at the ... Read the full article
Strong premium growth set to lift profitability in India’s insurance sector: Moody’s
19th January 2026
Moody’s Ratings, the credit rating agency, expects India’s insurance industry to benefit from sustained premium growth over the medium term, supporting an improvement in profitability. In Moody’s view, this growth is being driven by strong economic expansion, rising household incomes, accelerating digital adoption, supportive tax measures and the government’s intention to ... Read the full article
Saudi Re opens GIFT City branch following India’s regulatory reforms
19th January 2026
Saudi Re has obtained the approvals from Saudi Arabia’s Insurance Authority and the relevant Indian authorities to open a branch in India’s Gujarat International Finance Tec-City (GIFT City). Saudi Re, which has been active in the Indian market for more than a decade from its headquarters in Riyadh, made the move ... Read the full article
Re/insurance crucial in driving India towards its economic objectives: DFS
19th January 2026
Addressing the third edition of the IFSCA–IRDAI–GIFT City Global Reinsurance Summit in Mumbai, Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), said India is on the verge of transformative growth in its re/insurance sector, describing the industry as “crucial” to achieving the country’s economic goals. The Summit, which brings together ... Read the full article
AM Best maintains stable outlook on India’s non-life sector amid regulatory initiatives and reforms
16th January 2026
AM Best has reaffirmed a stable outlook for India’s non-life insurance sector, pointing to favourable macroeconomic conditions and strong demand, supported by regulatory initiatives and reforms. While the segment’s growth slowed in 2025 due to fire-segment pricing pressure, weaker motor expansion, and accounting changes for long-term policies, the rating agency said ... Read the full article
Prateek Maheshwari named CFO of Hannover Re India
15th January 2026
Seasoned finance professional Prateek Maheshwari has joined Hannover Re India as its new Chief Financial Officer (CFO). Maheshwari transitioned to the Indian branch from Hannover Life Re of Australasia, in Sydney, where he most recently served as Management Accountant for nearly four years. This appointment marks a homecoming of sorts for the ... Read the full article
Aon’s Reinsurance Solutions promotes Neha Shah to Head of L&H, India
12th January 2026
Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has promoted Neha Shah to Head of Life and Health (L&H), India. In her new role, Shah will lead the delivery of tailored life and health reinsurance solutions in India, supporting clients in managing risk and driving profitable growth. She will continue ... Read the full article
India’s reinsurance market progressing well, growing interest in parametrics: EDME CEO, Radhakrishnan
12th January 2026
Driven by rising insurance penetration and a deepening of underlying risk pools in India, the country’s reinsurance market is "progressing well,” according to Sanjay Radhakrishnan, Chief Executive Officer (CEO) of EDME Insurance Brokers Ltd. In an interview with Reinsurance News, Radhakrishnan said that in recent years, demand across specialty and infrastructure-linked ... Read the full article
Allianz completes €2.1bn sale of stakes in two JVs to Bajaj Group
9th January 2026
Global insurer Allianz has completed the sale of a 23% stake in the two joint ventures, Bajaj General Insurance Company and Bajaj Life Insurance Company, to the Bajaj Promotor Group (Bajaj) for a gross consideration of approximately €2.1 billion, an updated price from ~€2.6 billion due to current exchange rates. This ... Read the full article
Niyam Group launches to bring reinsurance capacity to India
6th January 2026
Bobby Swarup, an insurance industry veteran with over two decades of experience, has announced the launch of Niyam Group, a new venture in India which will bring more reinsurance capital to the market. Niyam’s vision is to build economic resilience and enable equitable growth, aligned with India’s ambition of Viksit Bharat ... Read the full article
India’s reinsurance sector on the verge of a surge in 2026: Howden’s Singhal
22nd December 2025
India’s reinsurance sector is poised for significant growth in 2026, fuelled by government initiatives, the issuance of new insurance licences, and the emergence of GIFT City as a pioneering financial hub, according to Prateek Singhal, Executive President & Head of Reinsurance, Howden India. This will come as no surprise to frequent ... Read the full article
BMS expands into India with new strategic partnership
17th December 2025
BMS Group has announced a strategic partnership with Berns Brett India, signalling its expansion into the Indian market, with the local entity set to be rebranded BMS (India) Ltd pending regulatory approval. Nick Gillett, CEO of BMS International, commented, “BMS’s regional investments from Turkey to India show the focus we are ... Read the full article
Swiss Re’s Amitabha Ray on tackling Asia’s protection gap and emerging risks in 2026
17th December 2025
In a recent Reinsurance News interview, Amitabha Ray, Chief Executive Officer of Swiss Re India branch, shared his insights on the evolving landscape for reinsurance in 2026, with a particular focus on the Indian and broader Asia Pacific markets. As the global reinsurance market looks toward 2026, resilience continues to define ... Read the full article
Korean Re approved to establish branch in India’s GIFT City
28th November 2025
Seoul-based reinsurer Korean Reinsurance Company (Korean Re) has announced plans to commence operations for its Indian branch in April 2026. The reinsurer received regulatory approval to establish a new branch in Gujarat International Finance Tech-City (GIFT City), India’s first operational smart city and International Financial Services Centre (IFSC), on November 14th, ... Read the full article
Cyber threats and data privacy top Aon’s India risk survey for 2025
20th November 2025
According to insurance and reinsurance broking firm Aon’s 2025 Global Risk Management Survey, cyber attacks and data breaches have emerged as a top risk for Indian businesses in 2025. Additionally, data privacy (including GDPR) requirements and non-compliance have also become top concerns, reflecting the growing influence of global and local regulatory ... Read the full article
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