NIA opens reinsurance desk

New India Assurance Company Ltd (NIA), a government-owned Indian general insurance company, will open a reinsurance desk within the UAE to enhance both its business prospects and presence in the Gulf region.

NIA said it will open the reinsurance desk at its Dubai International Financial Centre (DIFC) office.

Speaking on the sidelines of the launch of the company's online motor insurance policy, NIA chairman and managing director G Srinivasan said the opening of the desk will enhance business prospects from GCC and add to the company's global reinsurance business to the tune of USD250 million.