Reliance Capital plans to enter the reinsurance market

Sam Ghosh

Sam Ghosh

Executive Director & Group CEO
Reliance Capital
Reliance Capital Executive Director Sam Ghosh talks about the company’s plans to enter the reinsurance market, its recent acquisition of space in GIFT City and options for global exposure.

In an interview with The Times of India, Reliance Capital CEO and Executive Director Sam Ghosh talked of the company’s plans to enter the reinsurance market. He mentioned that Reliance Capital was looking at various options to enter the space including becoming a syndicate of Lloyds in London. He mentioned that opting for this would allow Reliance to increase its geographical footprint to various countries. Another option the company is mulling is to undertake all its international business through its unit in the Special Economic Zone (SEZ) of Gujarat International Finance Tec-City (GIFT), the Gandhinagar-based city which is currently being set up.

Reliance had earlier announced its intention to set up an international commodity exchange (ICEX) and international asset management and broking operations in the International Financial Services Centre (IFSC) of GIFT SEZ. The company acquired 5 lakh square feet of space, the largest by any private player, in the city to house its global Alternate Investment Funds (AIFs) business besides other international operations.

Publication : Times of India
Date : June 6, 2015