Indian regulator the Insurance Regulatory and Development Authority (Irdai) has demanded that syndicates on the Lloyd's India platform must retain a minimum of 30 percent of Indian reinsurance business, or face a penalty.
Indian regulator the Insurance Regulatory and Development Authority (Irdai) has demanded that syndicates on the Lloyd's India platform must retain a minimum of 30 percent of Indian reinsurance business, or face a penalty.