L&T General Insurance Company Limited, the general insurance arm of the $9.8 billion Larsen & Toubro (L&T) will commence operations soon. The company has received the necessary license from the regulatory authority for commencing its business operations.
Y.M. Deosthalee, L&T director & chief financial officer said: “given the size and the opportunity, L&.T considers financial services as an important business in its portfolio. Entry into general insurance is part of the overall vision to build a strong financial services business. We have put together a team comprising experienced professionals in insurance and risk management. We are very confident of building a world class insurance business in India”.
