GIC Re retains first right to reinsurance business in India

01-10-2018

GIC Re retains first right to reinsurance business in India

iStock/ Powerofforever

The Insurance Regulatory and Development Authority of India (IRDAI) has allowed state-run General Insurance Corporation (GIC) to retain the first right to offer reinsurance in India, BloombergQuint reported citing two people present at the firm’s recent board meeting.


GIC Re, IRDAI, India, Reinsurance, Asia Pacific

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