Tata AIG Tricked in Re-insurance; IRDAI Blocks Malaysian Confidence Brokers and GMC

India's Insurance Regulatory and Development Authority (IRDAI) has penalized Unison Insurance Broking Services and suspended Tata AIG General Insurance Co Ltd from the Indian insurance and reinsurance sector, Malaysian Confiance International Reinsurance Brokers LLC and Jaipur-based Global Master Consultant (GMC) for their involvement in a fraudulent crop reinsurance contract.

Sujay Banarji, member (distribution) of IRDAI, barred....

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Tata AIG Tricked in Re-insurance; IRDAI Blocks Malaysian Confidence Brokers and GMC

Published On 17 Jan 2020 11:56 AM

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