GIC's plans to join Lloyd remain on tenterhooks

India Infoline News Service | Mumbai |

Being a part of Lloyd’s would supplement GIC Re vision of becoming a global reinsurer.

General Insurance Corporation of India (GIC Re) plans to be part of specialist insurance market Lloyd’s London in three years is not going to work out unless India opens up the insurance sector further, according to a media report.

Being a part of Lloyd’s would supplement GIC Re vision of becoming a global reinsurer.

However, adding terms and conditions for GIC Re's entry into the Lloyd’s market, Lloyd’s UK said the Indian company can plan to join Lloyd’s only after India allows more foreign investment in the insurance sector, the report added.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.