Budget 2026: India doubles tax holiday for GIFT City businesses to 20 yearsIndia's federal budget has significantly boosted GIFT City, doubling its tax holiday for new businesses to two decades. This move aims to a...
01 Feb, 2026, 01.49 PM IST
India's GIFT City attracts Lloyd's and other global reinsurers, sources sayMajor global reinsurers, including Lloyd's of London, are seeking Indian regulatory approval to establish operations in GIFT City, a low-ta...
30 Jan, 2026, 03.13 PM IST
Swiss Re warns disaster hotspots could hit India’s $29 trillion asset baseIndia faces escalating natural disaster risks as development surges in vulnerable areas, significantly amplifying potential losses. Swiss R...
20 Jan, 2026, 10.50 AM IST
IFSCA key to India’s global reinsurance hub ambitions: Financial Services SecretaryIndia is poised to emerge as a major player in the global reinsurance landscape. M Nagaraju, Secretary of Financial Services, has encourage...
19 Jan, 2026, 04.55 PM IST
To become global reinsurance hub, GIFT City must offer global regularity clarityTo be sure, GIFT City already extends several benefits to reinsurers seeking to make this an operational hub. It offers no additional capit...
05 Dec, 2025, 09.46 AM IST
IRDAI okays amendments to reinsurance normsIRDAI has simplified the format of the reinsurance program and brought in tandem the regulations for Indian insurers, Indian reinsurers, Fo...
25 Aug, 2023, 12.31 AM IST
ICICI Lombard gets approval to open international financial services centre unitThe offshore unit will enable ICICI Lombard to harness new opportunities in direct insurance and reinsurance areas by offering offshore dir...
05 Feb, 2021, 06.21 PM IST
Govt eases norms for re-insurers for setting up shop at IFSCOpening an office at IFSC would allow global players to cater to the needs of customers outside the jurisdiction of the domestic economy.
04 Aug, 2019, 03.22 PM IST
General Insurance Corporation eyes re-insurance market in EurasiaThe GIC management will participate in the 12th Astana Economic Forum and is ready to continue negotiations on cooperation with AIFC.
18 Apr, 2019, 12.35 PM IST
Reinsurers may get to invest in overseas sovereign bondsThe Rs1.5-lakh-crore general insurance market has become attractive for foreign reinsurers.
11 Jun, 2018, 10.38 AM IST
General insurers vote against change of rule in favour of foreign playersThe insurers fear that the new regulation – which gives foreign reinsurers the first right of refusal in obtaining business in India — woul...
11 Jan, 2017, 01.24 AM IST
Lloyd’s of London gets R1 license, to start operations in 2017The marketplace expects syndicates to slowly join their platform as the regulator has given first right of refusal to Indian reinsurer Gene...
07 Nov, 2016, 03.59 PM IST
India is seeing high growth and high rate of urbanisation: John NelsonIn an interview to ET, John Nelson says Lloyd’s will not intervene to lower prices but privatisation of large insurance companies will help...
10 Jun, 2016, 07.50 AM IST
India needs to open up more to become a reinsurance hub, says JLT's Dominic Burke"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...
04 May, 2015, 10.31 AM IST
New India Assurance to set up reinsurance hub in GIFT CityWith an office here, we can write business from all parts of the world," said New India chairman G Srinivasan.
01 May, 2015, 11.26 AM IST
Premium rates for fire and health likely to firm up after a span of four yearsBetween the time the premium is collected and the claims are paid out the rupee might depreciate which could result in losses for the India...
30 Apr, 2015, 08.21 PM IST
India will benefit if it develops as global reinsurance hub: StudyThe study says that the country will benefit enormously if it develops itself as a global reinsurance hub.
24 Aug, 2014, 04.58 PM IST