IndiaInsurance
23rd October 2010, 04:43 AM
In a set back for the insurance regulator, Insurance Regulatory & Development Authority (Irda), the Bombay High Court on Thursday has nullified the regulator s decision to reject the renewal of licence of Willis India Insurance Broker Pvt ltd. Willis India is a joint venture between the third largest international broker Willis and Bhaichand Amoluk, which has 74% in the insurance broking firm. In September, Willis India Insurance Broker s renewal licence was rejected by Irda as the brokers had allegedly committed a number of malpractices. Willis India then filed an appeal in Bombay High Court against the order on Sep18 and ...
More... (http://in.biz.yahoo.com/101022/50/bawfhk.html)
More... (http://in.biz.yahoo.com/101022/50/bawfhk.html)