Ramaswamy Narayanan reappointed GIC Re CMD
GIC Re has appointed Ramaswamy Narayanan as Chairman and Managing Director, effective October 1. He will replace Devesh Srivastava, whose Read more
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GIC Re set to participate in reinsuring Kudankulam units
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
Obligatory cession to GIC Re cut to 4% from FY23
IRDAI has reduced the percentage of obligatory cession from the domestic general insurance industry for state-owned GIC Re to four Read more
GIC Re sees over fourfold jump in net profit Rs. 1,010 crore in Q2
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
Pandemic will help insurance penetration in long run: GIC Re Chairman
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
GIC Re’s chiefasserts new IRDAI classification aimed at improving the corporate governance and risk mitigation practices
According to Devesh Srivastava, Chairman and MD of GIC Re, In the 50 years of our existence, we have in Read more
GIC Re slips into the red with Q1 loss at Rs. 811 cr
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
Reinsurers to pay out over 90% of crashed Air India claim
Global reinsurers will have to shell out over 90 per cent of the insured value of the Air India plane Read more
SN Rajeswari appointed as new CMD of Oriental Insurance
SN Rajeswari, General Manager, New India Assurance (NIA), has been selected by the Banks Board Bureau (BBB) as the Chairman Read more
Central Government may reduce stake in New India Assurance and GIC Re
After the initial public offerings of General Insurance Re and New India Assurance last year, the government is planning to Read more
