Peak Reinsurance Co. Ltd., a Hong Kong-based international reinsurer, introduced it was granted a reinsurance department license in India.
Peak Re has been licensed to jot down each property/casualty and life & well being enterprise, which the corporate mentioned “marks a major step in [its] journey to help rising markets throughout Asia and past.”
Establishing a department in India “reinforces our unwavering dedication to the India market and underscores our strategic give attention to assembly native wants and deepening our engagement with the local people,” the corporate mentioned.
Sudhir Salian, managing director, head of India at Peak Re, has been designated to supervise the event of the department.
Peak Re was granted a reinsurance department license by the Worldwide Monetary Providers Centres Authority (IFSCA) on Feb. 20, 2025 and can function within the Gujarat Worldwide Finance Tec-Metropolis Worldwide Monetary Providers Centre (GIFT IFSC).
Supply: Peak Reinsurance Co. Ltd.
Subjects
Reinsurance
India
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