Watsa-backed Value Attics gets reinsurance licence – The Times of India
MUMBAI: Value Attics Reinsurance has received a reinsurance licence from insurance regulator Irdai, making it the first private-sector reinsurer. This ends the five-decade monopoly of the public-sector reinsurer GIC Re. The approval was granted at Irdai’s board meeting, the last meet under chairman Debasish Panda, whose term ends this week. Govt has invited applications for…
