Why IRDAI Rejected Watsa’s Bid To Acquire ITI Reinsurance
Fairfax baseball caps sit on a table at the Fairfax Financial Holdings Ltd., annual meeting in Toronto, Ontario, Canada (Photographer: Norm Betts/Bloomberg)  

Why IRDAI Rejected Watsa’s Bid To Acquire ITI Reinsurance

The insurance regulator rejected Prem Watsa’s proposal to acquire ITI Reinsurance Ltd. as it suspected this deal was merely being done to acquire the regulatory licence without following proper due...
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