Irdai to make decision on foreign reinsurers

The Insurance Development and Regulatory Authority of India (Irdai)
will decide within four months whether to licence four reinsurance
entities to start operations in the country, according to local
news outlet First Post.
The applications filed by Swiss Re, Lloyd's, Munich Re and
Hannover Re will be processed at the next Irdai board meeting,
chairman TS Vijayan told reporters on the sidelines of Irdai's
"Formation Day" celebrations.
Lloyd's announced earlier this month that it would apply for
p