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AVIATION MARKET REINSURANCE
India's GIC Re plans to reduce share of overseas property risk as climate losses riseIndian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the compa...- IndiGo's insurance premium likely to rise, in single digitsIndiGo Airlines may see a rise in aviation insurance costs. This follows a recent Air India accident and a tougher reinsurance market. Spic...
- IndiGo in for a crash course in surge in insurance costsIndiGo airlines is bracing for a potential surge in aviation insurance costs upon policy renewal, influenced by escalating geopolitical ris...
- Air India plane crash: At $120 million+, insurance claim to be costliest for Indian aviationThe Air India crash in Ahmedabad is expected to result in India's costliest aviation insurance claim, with estimates exceeding $120 million...
- Insurance cos dread IPL cancellation, airlines & shipping lines premium hike amid an undeclared war scenarioTensions between India and Pakistan pose significant risks for insurers and reinsurers across various sectors, including sports, aviation, ...
- GIC Re to start London operations next month“‘GIC Syndicate 1947’ has now received permission to commence operations from April 2018, in accordance with the Lloyd’s agreed business pl...
- GIC Re makes tepid debut on D-St, lists at 6.8% discount over issue priceGIC is the largest reinsurance company in India in terms of gross premiums in fiscal 2017.
- Listing will help GIC reach Asean markets: Alice VaidyanWe have grown over 90%, including crop reinsurance, in the first half of the fiscal. Excluding crop, we have grown at 40%, says Vaidyan
- EgyptAir crash: General Insurance Corporation stares at claims of up to Rs 50 croreThe claim will relate mainly to passenger liability and damage to the airline. “We have a 5.5% share (of the total claim) in the Egyptian a...
- ONGC gets 25% discount on premium from United India Insurance, GIC ReOne of the striking features of ONGC's 2016-17 insurance renewal has been competitive bidding where GIC Re has managed to outbid internatio...
- Air India's insurance cover up for renewal, premium may softenPublic sector general insurers are competing with their private sector counterparts to bag the $ 27-million Air India insurance account.
- In double bonanza for airlines, insurance cost too fallsAIG, which is the largest global aviation insurer with a 15 per cent market share, leads in providing reinsurance business to Air India and...
- General insurance premiums unlikely to rise in New YearPremiums not likely to harden as international reinsurance rates have cooled owing to liquidity.
- General Insurance Corporation to cut terror cover cost, doubles limit to Rs 1,500 croreAfter the 9/11 attacks, terror has become an excluded risk from all insurance policies and international reinsurers had stopped covering an...
- General Insurance Corporation stares at 75 crore claim for missing Malaysian flight75-crore claim from Malaysian Airlines, one of whose aircraft vanished between Malaysia and China last week with 239 passengers on board.
- Aviation insurance to emerge as growing segment in General Insurance sectorAviation insurance is likely to emerge as a key growth area in the coming years with new airlines starting ops and existing players expandi...
- Premium on mega risk policies falls by up to 20%Oil rigs and aviation companies' insurance cost may fall by a fifth, following the softening of rates at reinsurers due to easing risk perc...
- Global financial crisis a blessing in disguise for GICThe weakened state of the world’s top reinsurers is working in favour of General Insurance Corporation.
- Air France crash: GIC Re to pay $6 mn in claimsGeneral Insurance Corporation of India (GIC Re) will have to shell out around $6 million (approximately Rs 28 crore) towards its share of t...
- AIG's rating woes to shake up Indian reinsurance marketIndian non-life insurance companies are anxiously waiting to see the impact of AIG’s troubles on the ratings of its reinsurance arm.
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