India: European reinsurers jostle for share on positive pricing outlook
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India: European reinsurers jostle for share on positive pricing outlook

ID India map June 3 main image-01.jpg

Attractive rates, huge growth potential and constrained incumbent competition are driving European reinsurers to expand in India as they search for diversified cat risk with solid margins.

In the past, state-backed carrier GIC Re dominated the reinsurance market, but a loosening of competition constraints between the government-owned vehicle and overseas players has enticed Swiss Re, Munich Re, Hannover Re and Scor to take increasing shares of...

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