by AIP Online Bureau | Oct 11, 2024 | Indian News, Non-Life, Reinsurance
AM Best upgraded GIC Re’s Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) Singapore: After downgrading GIC Re’s rating four years ago, AM Best on Friday has upgraded...
by AIP Online Bureau | Sep 4, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Wealth Management/ Philanthropy
Based on indicative price of Rs 395.03 for the bids, institutional investors put Rs 2,284 crore bids for GIC Re shares as of 3:20 pm on Wednesday. Retail investors will get to bid in the OFS on Thursday New Delhi: Institutional investors on Wednesday placed bids...
by AIP Online Bureau | Sep 3, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Reinsurance, Wealth Management/ Philanthropy
“Retail investors and GIC employees can bid on Thursday. The government will divest 3.39 per cent equity with an additional 3.39 per cent as green shoe option,” Secretary, Department of Investment and Public Asset Management, posted on social media platform X ...
by AIP Online Bureau | Aug 29, 2024 | International News, Non-Life, Reinsurance
In AM Best’s `World’s 50 largest reinsurers in 2023’, Munich Re is the largest IFRS 17 reporting reinsurer followed by Hannover Re and SCOR Re. Swiss Re is the largest non-IFRS 17 reporting reinsurer globally, followed by Berkshire Hathaway and...
by AIP Online Bureau | Aug 9, 2024 | Indian News, Life, Non-Life, Reinsurance
N Ramaswamy, CMD, GIC Re GIC Re has expanded its premium income by almost 40 per cent y-o-y to Rs 12,406 crore during the quarter ending in June 2024 `We now plan to push growth both in top line and bottom line. Of course, we are closely...
