by AIP Online Bureau | May 16, 2026 | Indian News, Reinsurance
GIC Re appoints Rajesh Lahiri as new CFO in place of V. Balkrishna New Delhi: State owned GIC Re has infused USD 49 million (approximately Rs 469 crore) into the Corporation’s Labuan (Malaysia) Branch for maintaining solvency as required by the Labuan Financial...
by AIP Online Bureau | May 11, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
The BNP, that cover all maritime risks like Hull and Machinery, Cargo, P&I and War risk, will have a sovereign guarantee of Rs 12.980 crore which was approved by the government on Apr 18. New Delhi:The Indian government is launching its first ever $100 million...
by AIP Online Bureau | Apr 17, 2026 | Indian News, Non-Life, Regulation, Reinsurance
The government has notified the move, on Friday, saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only, though, there are two other Indian reinsurers- Valueattics Reinsurance Company and Allianz Jio...
by AIP Online Bureau | Apr 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
The BNP will provide three kind of covers- Hull, Cargo and Protection & Indeminity(P&I) and has different sum assured for each of the segments which can be utilised on a floater basis for certain premiums. New Delhi:Looking beyond the ongoing West Asia crisis,...
by AIP Online Bureau | Apr 2, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance, Risk Management
D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system. D-SIIs are subjected to enhanced regulatory supervision...
