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At Rs15 crore, GIC Re tops India Inc’s per employee profitability chart during FY 2022-23

At Rs15 crore, GIC Re tops India Inc’s per employee profitability chart during FY 2022-23

by AIP Online Bureau | Feb 4, 2024 | Indian News, Non-Life, Reinsurance

A dividend cheque of Rs.1083.60 crore for FY 2022-23 was handed over to Finance Minister Nirmala Sitharaman by N. Ramaswamy, CMD, GIC Re with M P Tangirala, additional secretary, Dept of Financial Services (extreme left), and, Hitesh Joshi, general manager, GIC Re...
“Our aim is profitability. We aspire to be among the top performing global reinsurers”

“Our aim is profitability. We aspire to be among the top performing global reinsurers”

by AIP Online Bureau | Sep 25, 2023 | Intermediaries, Interviews, Non-Life, Reinsurance, Technology

In an exclusive interview with Asia Insurance Post, on the occasion of Rendezvous September, Monte Carlo, Devesh Srivastava, CMD, GIC Re highlights major achievements during his 4-year tenure as the head of the third largest Asian reinsurer. The period of...
DFS Secy Joshi wants GIC Re to grow its life reinsurance business

DFS Secy Joshi wants GIC Re to grow its life reinsurance business

by AIP Online Bureau | Sep 6, 2023 | Indian News, Life, Non-Life, Reinsurance

N Ramaswamy, CMD designate,GIC Re, Vivek Joshi,Secretary, Department of Financial Services, KK Sharma, Chief Postmaster General, Maharashtra Circle. Devesh Srivastava, CMD, GIC RE, at an event on Tuesday for releasing GIC Re’s Customized Corporate My Stamp...
“Our aim is profitability. We aspire to be among the top performing global reinsurers”

GIC Re net profit rises 6.1% to Rs 732 crore in Q1, further sheds loss making business

by AIP Online Bureau | Aug 10, 2023 | Indian News, Non-Life, Reinsurance

Devesh Srivastava, CMD, GIC Re “Profit is the only embedded principle of all our business. We will not do any business that is not adding to our bottom line. We have restructured our entire organisation and manpower in recent years to deliver on results,”...

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