Global reinsurer Lloyd's to open India branch in early 2017
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loyd’s, the world leader in providing reinsurance solutions for complex and specialist risks, will launch its India operations in early 2017, its chairman John Nelson said on Thursday.
“India was one of our biggest gaps. We plan to open India operations at the beginning of next year,” Nelsom said. In April this year, Lloyd’s had applied to the Insurance Regulatory and Development Authority of India (IRDA) to open a reinsurance branch in Mumbai.
Shankar Garigiparthy will be Lloyd’s India country manager, with 23 years experience and leading regulatory relationships for Lloyd’s in Singapore and across South East Asia.
Lloyd’s relationship with India goes back more than a century and it currently supports the Indian market as a cross border reinsurance provider, running the business from overseas locations.
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“India was one of our biggest gaps. We plan to open India operations at the beginning of next year,” Nelsom said. In April this year, Lloyd’s had applied to the Insurance Regulatory and Development Authority of India (IRDA) to open a reinsurance branch in Mumbai.
Shankar Garigiparthy will be Lloyd’s India country manager, with 23 years experience and leading regulatory relationships for Lloyd’s in Singapore and across South East Asia.
Lloyd’s relationship with India goes back more than a century and it currently supports the Indian market as a cross border reinsurance provider, running the business from overseas locations.
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