trending Market Intelligence /marketintelligence/en/news-insights/trending/qczklowfn552oxipwduiqa2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

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

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


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.