Page 2 - Reinsurance

GIC Re hikes premiums for property insurance segment under fire portfolio

The impact of increase in premiums for individual insurers will be different, depending on the kind of risk they are participating in

Govt-owned AIC mulls launching crop reinsurance services outside India

The firm is currently in discussions with intermediaries to launch the product by January 2020

Global reinsurers miffed at pro-GIC bias, seek level-playing field in India

Many are reluctant to invest financial and human capital in a scenario in which GIC Re enjoys the advantage of right of first refusal in reinsurance contracts

MNC reinsurers, ITI Re work overtime to start ops as they await R3 nod

French reinsurer Scor Group said it will establish a branch office as soon as it receives R3 authorisation

Lloyd's of London gets R1 licence for onshore reinsurance branch in India

After R1, the regulator gives R2 and R3 licenses post which the branch can become operational

Final nod for global reinsurers' branches likely by January 2017: IRDAI chief

For the final R3 approval, reinsurers will be required to bring in capital to set up a branch after the second state of approval, which is likely in October, T S Vijayan said

ITI Reinsurance clears first hurdle for Irdai licence

At present, there is only one domestic reinsurer, General Insurance Corporation of India

Reinsurance rates may see 10% increase in FY17

Recent Chennai floods led to heavy losses for insurers to the tune of Rs 5,000 cr