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SAXUM RE
GIC Re to have a syndicate in Lloyd's marketCountry's sole reinsurer General Insurance Corporation of India (GIC Re) is all set to have a syndicate in London-based Lloyd's market.- General Insurance Corporation Re eyes licence, drops bid to buy Lloyd's of London MemberGIC Re has abandoned its quest to buy a Lloyd’s of London syndicate member and decided to apply for membership of the syndicate instead.
- GIC Re keen on more foreign buyouts; in talks with a Lloyds coThe industry is expecting at least 10-15 global re- insurers to enter the domestic market once the new Insurance Bill is passed, directly c...
- Expansion on mind, GIC Re poised to buy South Africa’s SaxumThe Johannesburg-based Saxum is a composite reinsurer underwriting both life and non-life business, and after acquisition will become the o...
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