Lloyd’s Gets Final Approval from IRDAI to Open First Branch in India
London’s insurance giant Lloyd has received the final approval from the Insurance Regulatory and Development Authority (IRDA) on January 19, 2017 to set up its first branch in India. The specialist insurance and reinsurance company would open its first branch office in India before April 2017 and
will be located at Mumbai. Lloyd’s will bring expertise and specialist capacity to India’s insurance market and work in partnership with local insurance businesses to develop innovative solutions that meet the unique needs of the growing economy.
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