Buffett to meet Irda chief on Friday

US billionaire investor Warren Buffett, whose group recently entered the Indian insurance market, will meet the Insurance Regulatory and Development Authority (Irda) Chairman J Harinarayan here on Friday.

Berkshire Hathaway, the conglomerate chaired by Buffett, recently forayed into the Indian non-life insurance sector as a corporate agent of Bajaj Allianz General.

“Yes. We will be meeting in New Delhi on Friday,” Harinarayan said when asked whether he would be meeting Buffett. Irda chief said there is no particular agenda for the meeting.

Buffett is in India as part of his philanthropic initiatives and is also expected to look at possible investment opportunities in the country. As part of its India entry, the American conglomerate has incorporated Berkshire India to sell and distribute general insurance products in India.

Berkshire India would directly sell insurance to consumers through the portal ‘www.Berkshireinsurance.Com’ and by way of telemarketing, it said.