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GIC Re to set up a wholly owned subsidiary in UK

GIC Re to set up a wholly owned subsidiary in UK

by AIP Online Bureau | Feb 4, 2025 | Indian News, Non-Life, Reinsurance

GIC Re has also branch offices in London and Kuala Lumpur. In April 2018, syndicate fully capitalised by GIC Re became operational at Lloyd’s of London. GIC Re has 100% subsidiary in South Africa, Russia, United Kingdom and also associate companies in Bhutan,...
ICICI Bank receives RBI nod to raise its stake in ICICI Lombard General Insurance by another 4%

ICICI Bank receives RBI nod to raise its stake in ICICI Lombard General Insurance by another 4%

by AIP Online Bureau | Aug 5, 2023 | Banking & Bancassurance, Indian News, Non-Life, Regulation

The bank currently holds a 48.02 per cent stake in ICICI Lombard General Insurance Company and would acquire at least a 2.5 per cent stake out of the 4 per cent to make the insurer its subsidiary before September 9, 2024 Mumbai: Banking regulator Reserve Bank of...

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