Major global reinsurers, including Lloyd's of London, are seeking Indian regulatory approval to establish operations in GIFT City, a low-ta...

India is poised to emerge as a major player in the global reinsurance landscape. M Nagaraju, Secretary of Financial Services, has encourage...

To be sure, GIFT City already extends several benefits to reinsurers seeking to make this an operational hub. It offers no additional capit...

IRDAI has simplified the format of the reinsurance program and brought in tandem the regulations for Indian insurers, Indian reinsurers, Fo...

Presently, foreign reinsurers which already have branches in India have to apply for a fresh licence in GIFT City, enjoying taxation benefi...

Opening an office at IFSC would allow global players to cater to the needs of customers outside the jurisdiction of the domestic economy.

The Rs1.5-lakh-crore general insurance market has become attractive for foreign reinsurers.

“‘GIC Syndicate 1947’ has now received permission to commence operations from April 2018, in accordance with the Lloyd’s agreed business pl...

The insurers fear that the new regulation – which gives foreign reinsurers the first right of refusal in obtaining business in India — woul...

The marketplace expects syndicates to slowly join their platform as the regulator has given first right of refusal to Indian reinsurer Gene...

Insurance regulator, Insurance Regulatory and Development Authority (IRDAI) has given initial approval to four foreign reinsures to open th...

"The world is so connected. Clients are looking globally at a risk transfer. Capital has got to be fungible. We are a client-first organisa...

With an office here, we can write business from all parts of the world," said New India chairman G Srinivasan.

IRDA Chairman Vijayan said the govt could think of launching a 'Jan Bima Yojna' similar to Jan Dhan Yojana for banking sector to increase a...

A hike in FDI cap in insurance sector to 49% from the current 26% can help India emerge as a reinsurance hub in Asia, say industry experts.

Lloyd's is a market where members join together as syndicates to insure risk. It has 93 different underwriting businesses.

The study says that the country will benefit enormously if it develops itself as a global reinsurance hub.