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Marsh fined Rs1 crore by IRDAI for violating Indian re/insurance regulations

Marsh fined Rs1 crore by IRDAI for violating Indian re/insurance regulations

by AIP Online Bureau | Oct 16, 2024 | Indian News, Intermediaries, Non-Life, Regulation, Reinsurance

The broker did not remit the premium to the insurer/reinsurer within the time limit of 15 days. In view of the above and a history of similar violations persisting for long, where in some cases, the delay in remittance of premium was observed to be more than 900 days,...
Marsh fined Rs1 crore by IRDAI for violating Indian re/insurance regulations

Marsh raises stake in its India JV to 92% from 49%

by AIP Online Bureau | Dec 23, 2021 | Indian News, Intermediaries, Non-Life, Reinsurance

Though the financial details have not ben disclosed Marsh has informed that as part of the transaction, which has been approved by the IRDAI, it has acquired the share from local partners, including the entire shareholding of the Rampart Trust Earlier, other global...

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