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M&A drivers set to remain, fuelling further insurance deals

Catherine Thomas, senior director, analytics, said: “Some insurers are taking advantage of relatively inexpensive borrowing to finance deals, while in other cases, M&A represents a means for cash rich buyers to deploy excess capital. A.M. Best notes private equity backed buyers are especially active as they have excess capital and fierce competition between these participants are driving price multiples higher”

GIC Re’s record prm at Rs 41,800 cr,logs a net profit of Rs 3,234 cr in 2017-18, declares 1:1 bonus

“We are the leader inthe Indian reinsurance market and has 60 per cent of the market share despite the presence of almost all global players in the market. We are growing at 25 per cent while the Indian industry is growing at 17 per cent. I am bullish about the growth and profitability prospects for the GIC Re in coming years. said Alice Vaidyan,, CMD, GIC Re