Insight and Intelligence on the London & International Insurance Markets

20 April 2018

Search archive

Irdai member castigated over Marsh 'kick-back' case

Charlie Thomas 21 March 2018

India's Securities Appellate Tribunal (SAT) has accused a member of the country's insurance regulator of "virtually aiding and abetting corruption" in disregarding a case which alleges Marsh provided kick-backs to an insured in return for its business.

In an unusually strongly worded order published last week, the SAT demanded that a case brought before the Insurance Regulatory and Development Authority of India (Irdai) be reheard, after it found the regulator's initial dismissal of the case was a "gross abuse of...

If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership


Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.