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General Insurance News 

GIC Re set to participate in reinsuring Kudankulam units

April 19, 2022 admin 205 Views 0 Comments gic re, Kudankulam, participate, reinsuring
GIC Re will be participating in reinsuring the Rs 43,200-crore insurance coverage of the under-construction units of Kudankulam nuclear power Read more
General Insurance News 

Obligatory cession to GIC Re cut to 4% from FY23

March 2, 2022 admin 166 Views 0 Comments FY23, gic re, Obligatory
IRDAI has reduced the percentage of obligatory cession from the domestic general insurance industry for state-owned GIC Re to four Read more
General Insurance News 

GIC Re sees over fourfold jump in net profit Rs. 1,010 crore in Q2

December 10, 2021 admin 182 Views 0 Comments gic re, net profit
General Insurance Corporation of India Limited (GIC Re) reported four-fold jump in its net profit to Rs.1,010.55crore for the quarter Read more
General Insurance News 

Pandemic will help insurance penetration in long run: GIC Re Chairman

March 27, 2021 admin 227 Views 0 Comments gic re, insurance penetration, PANDEMIC
GIC Re Chairman-cum-Managing Director Devesh Srivastava has recently stated that despite its challenges the COVID-19 pandemic has increased awareness about Read more
General Insurance News 

GIC Re’s chiefasserts new IRDAI classification aimed at improving the corporate governance and risk mitigation practices

November 7, 2020 admin 257 Views 0 Comments gic re
According to Devesh Srivastava, Chairman and MD of GIC Re, In the 50 years of our existence, we have in Read more
General Insurance News 

GIC Re slips into the red with Q1 loss at Rs. 811 cr

November 6, 2020March 25, 2021 admin 197 Views 0 Comments Covid-19 situation, General Insurance Corporation, gic re, red with Q1 loss
India’s largest reinsurer, General Insurance Corporation (GIC Re), recorded a pre-tax loss of Rs 811.22 crore in the first quarter, Read more
General Insurance News 

Reinsurers to pay out over 90% of crashed Air India claim

October 12, 2020April 15, 2021 admin 232 Views 0 Comments AIR INDIA CLAIM, gic re, NEW INDIA ASSURANCE, reinsurers
Global reinsurers will have to shell out over 90 per cent of the insured value of the Air India plane Read more
General Insurance News 

SN Rajeswari appointed as new CMD of Oriental Insurance

July 12, 2020April 15, 2021 admin 993 Views 0 Comments BBB, gic re, new CMD of Oriental Insurance, NIA, SN Rajeswari
SN Rajeswari, General Manager, New India Assurance (NIA), has been selected by the Banks Board Bureau (BBB) as the Chairman Read more
General Insurance News 

Central Government may reduce stake in New India Assurance and GIC Re

September 1, 2018 admin 610 Views 0 Comments gic re, NEW INDIA ASSURANCE
After the initial public offerings of General Insurance Re and New India Assurance last year, the government is planning to Read more
General Insurance News 

Hindustan Aeronautics Limited makes Rs. 273-cr insurance claim

July 31, 2018 admin 553 Views 0 Comments gic re, Hindustan Aeronautics Limited, insurance claim
HAL has filed an insurance claim of Rs 273 crore on an under-production Sukhoi jet that recently crashed during its Read more
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