by AIP Online Bureau | May 27, 2022 | Indian News, Life, Non-Life, Reinsurance
Devesh Srivastava, CMD, GIC Re announcing company’s results at a press conference in Mumbai on Friday The reinsurer had a record net profit of Rs 1,795 crore during Q4 FY 2021-22 as compared to a loss of Rs 28.48 crore in the year ago period Indicating GIC...
by AIP Online Bureau | May 23, 2022 | Indian News, Non-Life, Reinsurance, Technology
Devesh Srivastava,CMD, GIC Re GIC Re, one of top 15 global reinsurers and third largest Asian Reinsurer, is currently undertaking major restructuring of its business portfolios to provide major focus on topline growth, said Devesh Srivastava,CMD, GIC Re KPMG will act...
by AIP Online Bureau | Mar 19, 2022 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Reinsurance
Ukrainian and Russian waters in the Black Sea and the Sea of Azov” as one of the listed territories for cancellation of war risk covers by GIC Re GIC Re has a small portfolio of Russian aviation risks for which Notice of Cancellation (NOC) of cover has been...
by AIP Online Bureau | Mar 5, 2022 | Indian News, Non-Life, Reinsurance
In a regulatory filing on Thursday, GIC Re said it is currently in the process of studying the complaint and quantification in detail in order to determine the next steps “In the complaint, AM RE has sought amounts which are to be determined at trial, but which...
by AIP Online Bureau | Mar 2, 2022 | Indian News, Non-Life, Reinsurance
Industry sources point out that placement of the KKNNP insurance has to be completed soon as the reinsurance market has shown hardening tendency in view of Russian invasion of Ukraine that has started impacting the reinsurance rates Mumbai: With the...
