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“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...
‘Market will have a negative view of GIC Re if clubbed with GIPSA’: GICOA

‘Market will have a negative view of GIC Re if clubbed with GIPSA’: GICOA

by AIP Online Bureau | Sep 4, 2023 | Indian News, Non-Life, Policy, Reinsurance

The reinsurer’s CMD has communicated to the Department of Financial Services several times to keep GIC Re separate from GIPSA With about 500 employees GIC Re is making good profits. The attrition rate has increased nowadays owing to attractive pay packets...

DFS asks GIPSA to include GIC Re and AIC as its members

by AIP Online Bureau | Aug 29, 2023 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

The move by the DFS has come at a time when GIC Re had already expressed its desire to the DFS to be treated separately from the rest of PSU general insurers in some areas particularly deciding wages and allowances of its employees New Delhi: The Department of...
“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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