Gen Re moves closer to India licence

Berkshire Hathaway reinsurer Gen Re has reportedly cleared the
second of three stages of approval from the Indian regulator to
write business in the country.
According to the Times of India, Gen Re was granted the
'R2' approval following a board meeting of the Insurance
Regulatory and Development Authority of India (Irdai) last
week.
The company is reportedly seeking to launch in the country in
time for the 1 April renewals.
Gen Re is the latest global reinsurer to pass...