Business Details
50+ Years
experience
Trusted Commercial Insurance Solutions in London
Established in 1919, New India Assurance has built a legacy as a trusted global insurer with a strong presence in the UK market since 1921. Our London office specialises in property reinsurance and treaty business, while our Ipswich branch focuses on commercial insurance solutions for small to medium enterprises. Authorised by the Prudential Regulation Authority and regulated by the PRA and FCA, we combine financial strength with a customer-centric approach to deliver tailored insurance products. With an asset base of 9.469 billion and a solvency ratio of 1.66, we maintain a robust market position across 28 countries.Our team of specialist underwriters provides bespoke coverage for diverse sectors, including care homes, hospitality, and commercial property. Backed by 90+ years of UK market expertise and a global network serving 12 million customers, we prioritise responsive service and innovative risk management solutions. Our commitment to operational excellence ensures clients receive comprehensive protection and reliable claims processing through our London XIS bureau.
Services
Business Combined Insurance
Care Homes Insurance
Commercial Property Insurance
Hotels & Guest Houses Insurance
Residential Property Insurance
Retail Shops & Restaurants Insurance
Offices & Surgeries Insurance
Property Reinsurance
Worldwide Property Treaty
Details
- Year established: 1919
Highlights and features
- We have over 90 years of experience in the UK insurance market.
- Our global network spans 28 countries with 2,400 offices worldwide.
- We maintain a strong solvency ratio of 1.66 and 9.469 billion asset base.
- Our team provides bespoke insurance products tailored to specific business needs.
- We offer fast and reliable claims processing through our London XIS bureau.
Associations and certifications
- Prudential Regulation Authority
- Financial Conduct Authority
- Association of British Insurers
Services
Business Combined Insurance
Our Business Combined Insurance policy offers comprehensive protection for day-to-day operations. This tailored solution covers multiple risks under one policy, ensuring businesses can focus on growth while we manage unexpected events. Designed for small to medium enterprises, it provides financial security against property damage, liability claims, and business interruption.
Commercial Property Insurance
Commercial Property Insurance safeguards businesses against physical damage to premises and contents. Ideal for offices, warehouses, and retail spaces, this policy covers fire, theft, and natural disasters. We provide flexible terms to match specific industry needs, ensuring continuity during recovery periods with minimal disruption to operations.
Care Homes Insurance
Care Homes Insurance addresses the unique risks of residential and nursing homes. This policy combines liability protection, property damage coverage, and business interruption insurance. Designed for facilities handling vulnerable residents, it includes tailored provisions for regulatory compliance and emergency response scenarios to maintain care standards during disruptions.
Property Reinsurance
Property Reinsurance solutions provide capacity for insurers managing large-scale risks. We offer facultative and treaty arrangements with flexible structures up to USD 12.5m per programme. Our expertise spans industrial, commercial, and specialty properties, with capacity adjustments based on risk quality and geographic spread to ensure sustainable coverage.
Worldwide Property Treaty
Worldwide Property Treaty services cover catastrophe risks across multiple jurisdictions. Our products include excess loss and pro rata treaties for portfolios in Europe, Asia, and the Americas. With geographically diversified underwriting and capacity up to GBP 7.5m per programme, we help insurers manage aggregated exposures through structured reinsurance programmes tailored to regional market conditions.
People
Ms Girija Subramanian
Chairman-cum-Managing Director
Leading New India Assurance since its Mumbai headquarters, Ms Subramanian oversees global operations spanning 26 countries. With a market share of 12.6% in India, she drives strategic initiatives to maintain the company's position as Asia's largest non-life insurer. Her leadership focuses on operational excellence and stakeholder value creation.
Questions
What commercial insurance products do you offer in the UK?
We provide Business Combined, Commercial Property, Care Homes, and Hotels & Guest Houses insurance tailored for SMEs through our Ipswich office.
Do you offer international reinsurance solutions?
Yes, we underwrite property reinsurance globally with capacity up to USD 12.5m per programme through our London market operations.
What is your financial strength?
We maintain an asset base of £9.469 billion and a solvency ratio of 1.66, ensuring reliable claims settlement capabilities.
How do you handle claims processing?
Claims are processed through our London XIS bureau or directly via partners, ensuring fast resolution for policyholders across all coverage lines.
