Lloyd's of London establishes reinsurance hub in GIFT City, marking a transformative moment for India's financial infrastructure. The iconic UK insurance powerhouse will set up operations in Gujarat, authorized to underwrite complex risks across shipping, aviation, energy, and catastrophe insurance. This move signals India's growing prominence on the global reinsurance map while dramatically expanding GIFT City's access to international underwriting capital. The application is currently under review by IFSCA. The timing reflects accelerating growth in India's insurance ecosystem, with premiums transacted by insurance offices more than doubling to $299 million in Q3 FY2025-26 compared to the previous year. Lloyd's entry strengthens India's position as a regional hub for cross-border reinsurance operations.
