“India has long been an important market for Berkley Insurance Asia and establishing operations here is a natural progression of our journey. We have been underwriting Indian risks from Singapore for many years. The time is now right to be closer to decision-makers, distribution partners and the opportunities emerging across the subcontinent. Our ambition is to build a balanced portfolio that supports India’s growth story and contributes meaningfully to the development of its specialty insurance ecosystem,” said Shasi Nair, CEO – Asia, Berkley Insurance Asia
Mumbai: After setting up operations in the GIFT City, India sole International Finance Services Cenre(IFSC),Berkley Insurance Asia, part of W. R. Berkley Corporation, today announced the launch of its India operations.
Berkley Insurance Asia, which was earlier doing business with Indian market as a cross boarder reinsurer(CBR), will provide capacity in complex specialty lines including Financial Lines, Cyber, Casualty, Professional Indemnity and Specie insurance.
Berkley Insurance Asia’s entry is aligned with India, supported by regulatory initiatives such as GIFT City, that is pursuing its ambition to become a global centre for reinsurance, said the company.
“India has long been an important market for Berkley Insurance Asia and establishing operations here is a natural progression of our journey. We have been underwriting Indian risks from Singapore for many years. The time is now right to be closer to decision-makers, distribution partners and the opportunities emerging across the subcontinent. Our ambition is to build a balanced portfolio that supports India’s growth story and contributes meaningfully to the development of its specialty insurance ecosystem,” said Shasi Nair, CEO – Asia, Berkley Insurance Asia.
“India is at an inflection point in its insurance and reinsurance journey and the pace of transformation is extraordinary. With our presence in the market, we are better positioned to work closely with Indian clients, brokers and partners while offering solutions that reflect the realities of local risk. Our focus is simple, disciplined underwriting, responsiveness, and products built for India’s needs. We are here to bring speciality expertise with the agility the Indian market values,” said Unnati Bajpai, CEO & Principal Officer – India, Berkley Insurance Company, IFSC Branch.
Ashaya Rajesh Kantawala,with extensive experience in casualty line,is the company’s chief underwriting officer in the GIFT-IFSC.
India is one of the world’s most dynamic and fast-growing insurance markets, with rising demand for specialised risk solutions and this strategic expansion strengthens the business’s commitment to serving the rapidly evolving specialty risk landscape across the Indian market.