MUMBAI, DEC 8: Global reinsurance giant Swiss Re has set up office in India ahead of the opening up of insurance sector. Swiss Re is the first international reinsurance company to open office in India. Speaking to the press here on Wednesday, Swiss Re chief executive Walter B Kielholz denied that his setting up office now has any direct link to the current flurry of activity in the insurance sector.
The Indian office will be the 15th office of the company in the Asia Pacific region. Swiss Re, founded in 1863 in Zurich, is one of the world's leading reinsurers with roughly 8500 employees and gross premiums of $11.94 billion in 1997.
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