by AIP Online Bureau | Jun 17, 2026 | Eco/Invest/Demography, Indian News, Reinsurance
Sharing the outcome of the stake sale on social media platform X, DIPAM Secretary said, “Offer for Sale (OFS) in GIC Re closed with enthusiastic response from the investors. Government of India has divested 5.0% per cent of its stake in GIC Re with full...
by AIP Online Bureau | Jun 16, 2026 | Indian News, Reinsurance
Hitesh Joshi, CMD, GIC Re Joshi has been serving as the acting CMD of GIC Re since Oct 1.The post has fallen vacant after N Ramaswamy retired from the company since Sep 30. The government on Tuesday has appointed Hitesh Joshi, 57, as the new CMD of GIC Re, the ninth...
by AIP Online Bureau | Jun 16, 2026 | Eco/Invest/Demography, Indian News, Reinsurance
DIPAM Secretary shared the development via X on Tuesday, adding “Offer for Sale in General Insurance Corporation of India received an enthusiastic response from the investors on day one and was oversubscribed 3.72 times. Government has decided to exercise the...
by AIP Online Bureau | Jun 15, 2026 | Eco/Invest/Demography, Indian News, Reinsurance, Wealth Management/ Philanthropy
The Secretary, Department of Investment and Public Asset Management, under Finance Ministry, wrote on its official X account, “Offer for Sale of equity in General Insurance Corporation of India (GIC) opens tomorrow for non-retail investors. Retail investors can bid on...
by AIP Online Bureau | May 26, 2026 | Indian News, Life, Non-Life, Reinsurance
GIC Re’s Combined ratio improved marginally to 103.43 per cent in Q4FY26 from 103.56 per cent a year earlier “On the back of disciplined underwriting, consistent execution, and our strategic approach, we hope and believe that we will continue to improve and...
