Axa Re steps closer to Indian licence approval

Axa Re has passed the second stage of the Indian reinsurance
licensing process, as it prepares to set up a branch in the
country, according to the newswire Press Trust India (PTI).
Axa Re, a reinsurance subsidiary of the French insurance giant Axa,
has received the second level of regulatory authorisation, known as
R2, from the Insurance Regulatory and Development Authority of
India (Irdai), the wire service reported on 7 June.
Axa already operates in India through joint ventures with...