The New India Assurance (NIA) hosted a cocktail party on 15th November at the Washington Mayfair Hotel, London for its insurance/reinsurance brokers, MGA’s, banks and other service providers as part of its centenary celebrations and introduce new executive management team to the market.
The company was founded by the house of Tata’s in 1919 and is headquartered at Mumbai, India. NIA operates in 28 countries across the world.
In India the company is a pioneer and trendsetter having a market share of 15%.
NIA has 20,000 employees globally serving more than 12 million customers through a network of 2,456 offices spread across 28 countries.
The company has strong financials and is rated A-(Excellent) (Positive Outlook) by A.M.Best and AAA/Stable by CRISIL. It has operated in the UK since 1920 out of London and Ipswich.
Gross written premium of UK operations of the company has grown to over £159m in the financial year 2017-2018. The UK branch of the company has been performing consistently well in terms of growth and profitability for the past several years.
