ICICI Lombard gets approval to open international financial services centre unit

Private non-life firm ICICI Lombard NSE -1.84 % on Friday said it has received approval from international financial services centre (IFSC) to open an offshore insurance office in Gift City in Gandhinagar, making it the first private general insurer to do so. The offshore unit will enable ICICI Lombard to harness new opportunities in direct insurance and reinsurance areas by offering offshore direct insurance solutions, especially to ..
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