Marsh First Foreign Broker To Get Irda Licence

Marsh Inc is the first foreign insurance broker to have received a licence from the Insurance Regulatory and Development Authority (Irda) to transact business in India.

Marsh India Pvt Ltd, a 26:74 joint venture between Marsh and Rampart Group, will undertake both direct and reinsurance broking.

Managing director William D Jones said the company intends to offer seamless service to its clients in the country.