Willis to appeal Irda order on non-renewal of licence

Post insurance regulator Irda s refusal to renew licence, third largest international insurance broker Willis is planning to appeal against the order and terminate its partnership with its local partner Baichand Amoluk Consultancy Services (BACSPL). Irda had allowed Willis to appeal to its chairman against its order refusing the renewal of the licence. Willis has been in India for nearly two decades and in that time has established a reputation...We are, therefore, appealing Irda s decision that it is disinclined to renew the licence of Willis India, and are working with them to ensure the well-being of our clients and staff in ...

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