The Air India crash in Ahmedabad is expected to result in India's costliest aviation insurance claim, with estimates exceeding $120 million...

Tensions between India and Pakistan pose significant risks for insurers and reinsurers across various sectors, including sports, aviation, ...

“‘GIC Syndicate 1947’ has now received permission to commence operations from April 2018, in accordance with the Lloyd’s agreed business pl...

GIC is the largest reinsurance company in India in terms of gross premiums in fiscal 2017.

We have grown over 90%, including crop reinsurance, in the first half of the fiscal. Excluding crop, we have grown at 40%, says Vaidyan

The 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...

One of the striking features of ONGC's 2016-17 insurance renewal has been competitive bidding where GIC Re has managed to outbid internatio...

Public sector general insurers are competing with their private sector counterparts to bag the $ 27-million Air India insurance account.

AIG, which is the largest global aviation insurer with a 15 per cent market share, leads in providing reinsurance business to Air India and...

Premiums not likely to harden as international reinsurance rates have cooled owing to liquidity.

After the 9/11 attacks, terror has become an excluded risk from all insurance policies and international reinsurers had stopped covering an...

75-crore claim from Malaysian Airlines, one of whose aircraft vanished between Malaysia and China last week with 239 passengers on board.

Aviation insurance is likely to emerge as a key growth area in the coming years with new airlines starting ops and existing players expandi...

Oil rigs and aviation companies' insurance cost may fall by a fifth, following the softening of rates at reinsurers due to easing risk perc...

The weakened state of the world’s top reinsurers is working in favour of General Insurance Corporation.

General Insurance Corporation of India (GIC Re) will have to shell out around $6 million (approximately Rs 28 crore) towards its share of t...

Indian non-life insurance companies are anxiously waiting to see the impact of AIG’s troubles on the ratings of its reinsurance arm.