Irdai puts GIC Re refusal rights under review: report

The Indian insurance regulator is reportedly set to review the rule
that grants state-owned Indian reinsurer GIC Re the right of first
refusal on all treaty business in the country.
According to website reinsurancene.ws, the Insurance Regulatory
and Development Authority of India (Irdai) will review the rule
this year, in a move that boosts recently admitted global
reinsurers' hopes of challenging GIC Re's hegemony.
A number of large players including Gen Re, Swiss Re, Munich Re,
XL Catlin, Hann