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India’s national reinsurer General Insurance Corporation (GIC Re) is considering acquiring a Lloyds Syndicate member as a stepping stone to meet its ambition of being among the top five reinsurers globally.
Indian general insurers are not yet ready to be listed on stock exchanges as they are yet to make profits, reports the Hindu Business Line citing Ashok K. Roy, chairman and managing director of General Insurance Corp. of India Ltd. Read more
Non-life insurers are unlikely to hit the capital market to raise resources and are expected to wait for a year or two because of weak financials, a top official of an insurance company said. Read more
State-run National Insurance Company (NIC) may soon increase the cost of health insurance premium to offset losses, company cources said. Read more
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