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No group can have more than one FRB in India:IRDAI

by AIP Online Bureau | Feb 17, 2022 | Indian News, Non-Life, Regulation, Reinsurance

Till recently AXA group had only two separate branches, XL Se India branch and AXA France India branch and IRDA had asked the group to wind up operation of one of its branches Hyderabad: The insurance regulator IRDAI, after allowing overseas reinsurers to set up...
XL’s India FRB to shut down, to be merged with AXA France’s FRB

XL’s India FRB to shut down, to be merged with AXA France’s FRB

by AIP Online Bureau | Feb 2, 2022 | Indian News, Life, Non-Life, Regulation, Reinsurance

-Prior to the global merger- AXA group acquired XL group in 2018- both the groups had their own FRBs in India and are continuing to operate as separate entities in the country till now -IRDA confirms its stand formally to allow only one FRB belonging to the group....

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