by AIP Online Bureau | Jan 4, 2024 | Indian News, Non-Life, Reinsurance
Indian insurance industry sources said GIC Re will be paying around Rs18 crore while three other PSU general insurers, New India Assurance(NIA), Oriental Insurance Company(OIC) and National Insurance Company(NIC)will have fork out Rs 5 crore each to meet their part of...
by AIP Online Bureau | Nov 24, 2023 | Indian News, Life, Non-Life, Reinsurance
After lying low in recent years, on Friday GIC Re’s share price has risen by 15 per cent to Rs 304.45 while NIA’s scrip has gone up by 20 per cent to Rs 209. LIC’s share gained 10 per cent and closed at a monthly high of Rs 678 on Friday Mumbai:...
by AIP Online Bureau | Nov 22, 2023 | Indian News, Non-Life, Reinsurance
Ramaswamy Narayanan, chairman and managing director, GIC Re The revision of the Long-Term ICR outlook to positive from negative reflects an improvement in AM Best’s view of GIC Re’s balance sheet strength and ERM fundamentals `With positive Credit Rating...
by AIP Online Bureau | Nov 9, 2023 | Indian News, Non-Life, Reinsurance
“Having had significant degrowth in last few quarters, we believe that we are at a point where growth with profitability should drive our business strategy” N Ramaswamy, CMD GIC Re Though, GIC Re’s underwriting losses have risen by 60 per cent y-o-y to Rs...
by AIP Online Bureau | Nov 9, 2023 | Briefs, Reinsurance
State owned GIC Re has appointed Suresh Sindhi as appointed actuary (Life Reinsurance Business) & Key Management Person of the corporation in place of Vikash Kumar Sharma with effect from 9th November 2023. He has more than 20 years of varied experience in life...
