Emerging risks | Growth Opportunities | APAC Insurance

Monday, November 9, 2026

Marine & Cargo, News, Non-life, P&I, Regulatory, Specialty

IFSCA asks India’s Finance Ministry to allow mutual insurance for ship P&I entity in GIFT City: Report

The Ministry of Ports, Shipping, and Waterways initiated discussions in January 2024 to establish a domestic P&I entity.

By

Nica Hanopol

November 11, 2025

•

1 min read

(Re)in AsiaSIRC 2026 Hub

(Re)in AsiaSIRC 2026HubExplore the hub →

Unlock this insight for free

Register for a free 14-day trial to read the full insight.

14 days of access to (Re)in Asia’s premium intelligence
Free daily briefing in your inbox each morning
No credit card required

Already have an account? Sign in →

(Re)in AsiaSIRC 2026 Hub

(Re)in AsiaSIRC 2026HubExplore the hub →

Read next

Qatar Islamic Insurance Group secures GIFT City licence to enter India's reinsurance market August 27 2026
BRICS backs reinsurance capacity talks, India offers GIFT City for risk lab September 15 2026
GIFT City draws reinsurance capacity but remains a price taker November 2 2026
GIFT City Q1 premiums rise almost tenfold to US$419m September 7 2026
MS First Capital kicks off reinsurance operations from GIFT City August 11 2026
ICICI Prudential Life changes name to ICICI Life Insurance following ministry approval September 23 2026