A GIFT City Licence, a Nameplate, and a Cancellation: What the IFSCA Order Against LMB Insurance Brokers Teaches Every IFSC Entity
A composite insurance broker held a valid GIFT City licence until 2027 — and lost it without ever placing a single policy. IFSCA’s order against LMB Insurance Brokers is a masterclass in how not to run an IFSC unit. Here are the three mistakes that triggered cancellation, two compliance myths it demolishes, and the playbook every IFSC entity should follow.