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SCOR gets approval to open composite branch office in India

France's SCOR SE obtained approval from India's insurance regulator to open a composite branch office in the South Asian country.

The Insurance Regulatory and Development Authority of India granted the company R3 authorization, allowing it to conduct life and P&C reinsurance business through the branch, according to a Dec. 27 release.

SCOR has been doing business with Indian clients since 1973 and opened a liaison office in India in 2005.