The government had divested close to 15% stakes in both New India and GIC in 2017. The disinvestment of GIC Re resulted in a mop-up of Rs 1...

The company's net income stood at Rs 603.4 crore in the corresponding period of the preceding fiscal.

Net premium rose to Rs 38,215.52 crore from Rs 33,221.19 crore, while the earned premium stood at Rs 36,476.66 crore, up from Rs 32,622.80 ...

The company said it wrote gross premium of Rs 9,511.91 crore during the quarter, higher than Rs 8,656.75 crore a year ago period.

The insurer had registered a net profit of Rs 770 crore in the corresponding period of the last financial year.

The insurer had registered a net profit of Rs 751.60 crore in January-March quarter of 2017-18.

The combined ratio is a measure of profitability of insurance companies.

Combined ratio is an indicator of profitability of insurance companies. It is the sum total of incurred claims and expenses divided by prem...

GIC Re has sent a team of its surveyors to Nepal at the request of non-life insurers there to help them assess the damage.

The Indian official reinsurer has already formed reinsurance joint venture -- GIC Bhutan Re-- to develop the insurance, reinsurance industr...

"Poor monsoons and conflict in the neighbourhood could pull down our country, which in turn may impact our business," said A K Roy, chairma...

Indian bond investors will soon get a novel product — catastrophe bonds from the state-run reinsurer, but it will be a high risk and high-r...

The Johannesburg-based Saxum is a composite reinsurer underwriting both life and non-life business, and after acquisition will become the o...

Firming up of reinsurance rates in India by regular players such as General Insurance Company (GIC), Munich Re and Swiss Re led to the entr...

The era of low-property insurance rates is over. The national reinsurer General Insurance Corporation (GIC Re) has raised the cost of reins...

The oil boom has resulted in billions of dollars flowing into reinsurance, creating new capacity in the Mid East, which will provide stiff ...

GIC Re is moving away from captive business to becoming a market-led player with a focus on life reinsurance, energy cover and liability re...