GIC Rs part of Rs. 500-cr pool to cover imports from Russia
Overcoming its initial concerns, national reinsurer GIC Re has contributed to the formation of an insurance pool to cover most Read more
GIC
GIC to turn GIFT City office into a subsidiary to handle foreign operations
General Insurance Corporation (GIC Re) plans to upscale its branch in the International Finance Centre at GIFT City, Ahmedabad into Read more
LIC, GIC, New India Assurance identified as D-SIIs
The Life Insurance Corporation of India (LIC), General Insurance Corporation of India and The New India Assurance Co have been Read more
GIC “retains the first right of refusal
IRDAI tweaked the rules that will allow foreign insurers to bid for reinsurance contracts along with GIC RE and bag Read more
GIC Re total income rises to Rs. 12,879.90 crore in Q2
GIC Re posted a 63.8 per cent drop in its net profit to Rs. 513.84 crore for the second quarter Read more
Finance Ministry to offer share on sale
The Finance Ministry said it is planning to come out with a share-sale offer of two recently listed PSU insurance Read more
New India, GIC get nod for IPO, Govt may earn Rs. 10k cr
New India Assurance and General Insurance Corporation have obtained board approval from their respective boards for listing of their shares Read more
HEALTHY GROWTH OF HEALTH INSURANCE
Clocking a compounded annual growth rate (CAGR) of 20 per cent, India’s health insurance premium is likely to cross Read more
Foreign firms show interest for nuclear cover
With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have shown an interest in being Read more
GIC profit scales high to 20% in 2014-15
State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693 crore to 2014-15, an increase of Read more
