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Regulator approves 11 foreign reinsurers to operate in India

Posted On: Apr. 8, 2019 6:07 AM CST

India's insurance regulator has granted special approval to 11 foreign reinsurers to operate in the country in the financial year ending March 31, 2020 compared with 16 approvals in the previous financial year, Moneycontrol reported. The reinsurers include Republican Unitary Enterprise-Belarusian National Reinsurance Organization, Nepal Re-insurance Co. Ltd., Kenya-based East Africa Reinsurance Co. Ltd., Togo-based CICA Re and China-based PICC Reinsurance Ltd.

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