Telangana IT & Industries Minister KT Rama Rao has announced that a Switzerland-based company Swiss Re will be establishing its unit in Hyderabad in August this year.
This will be a new addition to the Banking, Financial Services, and Insurance sector in the city, the Minister said on Monday, the first day of his visit to Davos to participate in the World Economic Forum.
Sharing these details on Twitter, the Minister said: “Happy to announce a big addition to Hyderabad BFSI ecosystem.
A big welcome to Swiss Re, who will be setting up their office in Hyderabad this August. Swiss Re is a 160-year-old insurance organization, headquartered in Zurich, Switzerland, and operates in 80 locations globally.”
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