SCOR to start underwriting life and P&C reinsurance in India in April
SCOR has been granted R2 authorisation by the Insurance Regulatory and Development Authority of India (IRDAI), which allows it to open a composite branch office in India to conduct life and property/casualty (P&C) reinsurance business.
Furthermore, SCOR intends to establish the branch office in India as soon as it receive R3 authorisation, and is expected to start underwriting business from the April 1, 2017 renewals.
SCOR said it is committed to enhancing its local resources in order to provide its Indian clients with tailor-made reinsurance solutions.
Denis Kessler, chairman and CEO of SCOR, commented: "This decision by the IRDAI is a milestone in the process of opening a composite branch in India. SCOR looks forward to reinforcing its presence in the country. Both business engines, P&C and Life, will complement each other in providing Indian clients with comprehensive reinsurance solutions."
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze