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Swiss Re Corporate Solutions adds local partners in India and Mexico
The firm plans to transfer its Mexico direct commercial insurance portfolio to GNP Seguros, pending regulatory approval.
Swiss Re Corporate Solutions is building out its commercial insurance presence through exclusive partnerships with Bajaj General Insurance in India and GNP Seguros in Mexico, as it shifts toward delivering services through local insurers.
In India, the partnership is designed to combine Swiss Re Corporate Solutions global capabilities with Bajaj’s local presence to offer commercial insurance solutions, with a focus on high tech and manufacturing companies. It also aims to support Indian businesses with multinational insurance programs for operations internationally, subject to definitive agreements and regulatory requirements.
In Mexico, Swiss Re Corporate Solutions will transfer its direct commercial insurance portfolio to GNP Seguros, also subject to regulatory approval. The long term arrangement is intended to let Swiss Re continue serving Mexico based companies via GNP’s distribution network.
The deal also supports Swiss Re’s multinational clients with operations in both India and Mexico. Coverager notes Swiss Re Corporate Solutions is the first carrier connected to Aon Broker Copilot through an API, and GNP Seguros becomes Palantir’s first publicly announced commercial customer in Latin America.