The Insurance Regulatory and Development Authority of India granted the Certificate of Registration to Missouri headquartered Reinsurance Group of America to set up a branch in India. RGA’s Canadian entity – RGA Life Reinsurance Company of Canada will be based in Mumbai.
RGA has been operating in India since 2001 through its Irish entity and has 23 life insurance companies including state-owned Life Insurance Corporation as its clients in India and 5 in Sri Lanka, reports Money Control.
Thomas Mathew, managing director and CEO said the company has a long-term commitment to the Indian insurance market and is keen to provide continued service to its clients.
