News Reinsurance14 Jan 2020

India:Regulator sanctions errant insurance brokers for fake reinsurance

| 14 Jan 2020

The IRDAI has directed lndian insurers and their offices overseas, lndian reinsurers and their offices overseas, foreign reinsurance branches in lndia and lndian insurance intermediaries not to engage in any business activity with Labuan-registered broker, Confiance lnternational Reinsurance Brokers, as well as its representative Jaipur-based Global Master Consultant (GMC).

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