ExpansionJun 8, 2026, 09:26 AM
IGI Secures License to Operate in India's GIFT City
AI Summary
International General Insurance Holdings Ltd. announced it has secured registration approval from the International Financial Services Centres Authority (IFSCA) to operate an IFSCA Insurance Office (IIO) in India’s Gujarat International Finance Tec-City (GIFT City). This strategic expansion will establish a reinsurance branch of IGI's UK subsidiary, with operations expected to commence later this year. The move is seen as a significant milestone, strengthening IGI's global footprint in one of the world's fastest-growing economies and furthering its diversification strategy.
Key Highlights
- IGI secured registration approval from IFSCA to operate an IFSCA Insurance Office (IIO) in India's GIFT City.
- The India operation will be a reinsurance branch of IGI's UK subsidiary.
- IGI expects to open a branch office, build its India team, and begin operations later this year.
- This expansion strengthens IGI's presence in the Indian sub-continent.
- The move adds to IGI's regional offices in Oslo, Malta, Dubai, Casablanca, and Kuala Lumpur.
- The company aims to support facultative and specialty treaty reinsurance clients in the region.
Price Impact
More from IGIC