trending Market Intelligence /marketintelligence/en/news-insights/trending/qczklowfn552oxipwduiqa2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

India's insurance regulator grants final approval to 5 foreign reinsurers

Mining Exploration Insights – May 2020

Essential Energy Insights - May 14, 2020

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Credit Analytics Case Study: Provogue (India) Limited and Shree Renuka Sugars

India's insurance regulator grants final approval to 5 foreign reinsurers

The Insurance Regulatory and Development Authority of India granted final approval to five foreign reinsurance firms to open branches in the country, the Press Trust of India reported Dec. 24, citing a senior official at the regulator.

The five reinsurers are U.S.-based Reinsurance Group of America Inc., Germany's Munich Re and Hannover Re, Switzerland's Swiss Re Ltd. and France's SCOR SE.

XL Catlin and Lloyd's of London are expected to get second-phase approval from the regulator soon, while U.S.-based General Reinsurance Corp. is expected to get first-phase approval. XL Catlin is the global brand used by XL Group Ltd's insurance and reinsurance companies. Gen Re is a subsidiary of Berkshire Hathaway Inc.

Local firm ITI Reinsurance has already received the second-phase approval and is waiting for the final license.

State-owned General Insurance Corp. of India is currently the only reinsurer in India.