Based in GIFT City, Niyam is establishing Lloyd’s Syndicate 2047, a specialist platform designed to bring disciplined underwriting, strong capital support and global market connectivity to the region. The business combines deep local market understanding with the strength and credibility of the Lloyd’s marketplace, enabling it to provide AA-rated reinsurance capacity across a broad range of non-life classes.
Niyam’s business model is centred on partnering with insurers and brokers to deliver treaty and facultative reinsurance solutions on both proportional and non-proportional bases. Its approach is grounded in underwriting discipline, long-term capital efficiency and a commitment to helping build greater economic resilience in India and beyond. By linking international reinsurance capacity with local opportunity, Niyam aims to support sustainable market growth, innovation and greater access to specialist protection.
With its vision aligned to India’s 2047 development agenda, Niyam is positioning itself as a modern, forward-looking reinsurance platform focused on service, expertise and long-term value creation.
Mark Phipps, Group Marketing & Sales Director:
“Eurobase is proud to have supported Bobby and Sumit from the outset of their ambition to build a dynamic new business for the Indian Lloyd’s market. We are delighted to be partnering with Niyam on this transformative venture and look forward to contributing to its continued growth and success.”
About Eurobase
Eurobase is aleading international software and services provider of (re)insurance solutions. Established in 1988 and with customers in over 31 countries, Eurobase has gained extensive knowledge of the global (re)insurance markets. With a personal approach, Eurobase ensures that it delivers the support and flexibility its customers need and the service they expect with long-standing customer relationships, delivering ongoing value beyond initial engagements.
About Niyam
Niyam Group is a purpose-led reinsurance business based in GIFT City, established to support the long-term development of India’s insurance market and other high-growth economies.
Niyam is establishing Lloyd’s Syndicate 2047, a specialist reinsurance platform combining deep local market expertise with the strength and global connectivity of the Lloyd’s marketplace. The business provides treaty and facultative reinsurance solutions across a broad range of non-life classes, with a focus on disciplined underwriting, long-term capital efficiency and sustainable market growth.
Aligned with India’s 2047 development agenda, Niyam aims to connect international reinsurance capacity with local opportunity, supporting greater economic resilience, innovation and access to specialist protection across India and beyond.
For media inquiries or further information, please contact:
Francesca Savani
Sales Campaign Manager
Eurobase International Group
T: +44 20 8132 6047
E: francesca.savani@eurobase.com
