Several international reinsurers, including Lloyd’s of London, are applying for permission to operate in India’s Gujarat International Finance Tec City (GIFT City), reported Reuters. Other companies aiming to set up in the city include South Korea’s Samsung Re, Africa's Kenya Re and Spain’s Mapfre Re, noted the news agency, citing unnamed sources. These companies would join more than a dozen reinsurers from various regions that have already established a foothold in GIFT City. The sources indicated tha ...