The latest news from Global Insurance Law Connect for you;
Global Insurance Law Connect is pleased to announce the addition of JSA, one of India’s leading Tier 1 national law firms to its international network of specialist insurance law firms. With over 700 professionals across seven offices, JSA is renowned for its deep expertise in the insurance sector, pan‑India presence, and long-standing advisory relationships with insurers, financial institutions, major corporates and global market participants.
JSA’s appointment comes at a pivotal moment for India’s insurance market. The country is undergoing historic regulatory reform with the Government’s decision to increase the foreign direct investment (FDI) cap in insurance companies from 74% to 100%, enabling full foreign ownership for the first time. This landmark shift, passed in December 2025, is expected to accelerate growth in India’s underpenetrated insurance sector, attract long‑term international capital, and strengthen policyholder protection.
Commenting on the appointment, Gillian Davidson, Chair of Global Insurance Law Connect, said:
“India’s insurance sector is on the cusp of unprecedented expansion. The increase of FDI limits to 100% and the broader reform agenda have already sparked significant interest from global insurers, reinsurers, and investors. JSA’s deep sector knowledge, national footprint, and established regulatory expertise make them an invaluable addition to our network at exactly the right time. Their insights will be vital for clients navigating India’s evolving insurance landscape.”
Sidharrth Shankar, Partner at JSA, said:
“This is a transformative moment for India’s insurance ecosystem. With the opening up of the FDI regime, new models of capital, technology, and distribution will reshape the market. Joining Global Insurance Law Connect allows us to collaborate with specialist firms worldwide. We look forward to contributing to the network as global insurers and investors increase their participation in India.”
With JSA joining the network, GILC strengthens its reach across Asia and further enhances its collaborative expertise supporting insurers, reinsurers, brokers, intermediaries, and other financial stakeholders worldwide.
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