Munich Re to gain India go-ahead

Munich Re is to be awarded final approval from the Insurance
Regulatory and Development Authority of India (Irdai) to establish
a branch in the country.
The reinsurer is understood to have received "R3"
approval, but is awaiting final procedural clearance from the
regulator.
Earlier this week Hannover Re and Scor announced they had
secured final approval to set up branch offices in India.
US life reinsurer Reinsurance Group of America also confirmed it
had its application to operate as a...