by AIP Online Bureau | Oct 14, 2025 | Briefs, Reinsurance
General Insurance Corporation of India (GIC Re), a leading global reinsurer, has received an affirmation of its Financial Strength Rating (FSR) and Long-Term Issuer Credit Rating (ICR) from AM Best, a globally recognized credit rating agency. AM Best has affirmed GIC...
by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Ramaswamy Narayan, CMD, GIC Re, observed,“Hosting the 29 th FAIR Conference in October 2025 is a profound honour that reflects our commitment to global partnership” Momen Mukhtar, Secretary General, FAIR, said : “For sixty years, the Federation of Afro-Asian...
by AIP Online Bureau | Aug 7, 2025 | Indian News, Non-Life, Reinsurance
N Ramaswamy, CMD, GIC Re Combined Ratio improves by 2.66% to 106.94% ,underwriting losses fall 30 per cent to Rs 907.76 crore, gross investment income increases by 18.37% to Rs 3,228.51crore “In a bid to fortify our balancesheet further, we have started the...
by AIP Online Bureau | Jun 4, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Risk Management
N Ramaswamy, CMD, GIC Re “Currently, due to the huge catastrophic risks involved, there is very limited reinsurance capacity available for hydro power plants. More often, catastrophic covers are sub-imited. With climate risks and rising frequency and...
by AIP Online Bureau | May 26, 2025 | Indian News, Non-Life, Reinsurance
GIC Re board, which met on Monday to finalise its results, has declared a record dividend of Rs 10 per share(or 200 per cent) with a face value of Rs 5 Mumbai: With higher underwriting losses and combined ratio , state owned GIC Re’s net profit has fallen by 17...
