Reinsurance News

Two more reinsurers apply to IRDAI to establish Indian operations

17th October 2017 - Author: Luke Gallin

According to the Insurance Regulatory and Development Authority of India (IRDAI), it has received two applications from reinsurance companies to begin operations in the country, as well as three applications from non-life insurers.

India map and flag“We have received three applications for non-life insurance and two from reinsurance companies who want to set their shops within the country.

“We will be discussing their initial approvals during the board meeting of Irdai slated for later during the month,” said IRDAI member, life, finance and accounts, Nilesh Sathe, as reported by The Times of India.

Following the relaxation of regulatory guidelines in India, a number of global reinsurance companies have established a branch in India, including Gen Re, SCOR, Lloyd’s of London, Munich Re, Swiss Re, Reinsurance Group of America (RGA), Hannover Re, and XL Catlin.

Print Friendly, PDF & Email

Recent Reinsurance News

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.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Chevrel joins VIG Re from PartnerRe to lead Western Europe team

Patrick Chevrel is to join reinsurer VIG Re from Bermuda's PartnerRe to lead a newly established underwriting team for Western...