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GIC RE SHARES
India builds insurance shield for risky sea trade as global cover dries upIn response to the challenges posed by renewed hostilities affecting maritime trade, Indian public sector insurers have unveiled an innovat...- Irdai keeps FY27 cession rate at 4%, backs GIC Re roleIrdai has maintained the mandatory 4% cession rate for FY27, directing general insurers to place this share with GIC Re. This decision aims...
- Iconiq, go-to wealth adviser for tech’s elite, is putting billions into AIIconiq is expanding aggressively into venture capital, investing billions in AI startups like Anthropic. Leveraging elite global networks, ...
- Ministries meet to put a cover on ships in war zoneIndian ministries are creating a sovereign-backed insurance plan. A $100 million Bharat Marine Pool is being formed by insurers to cover sh...
- India plans ₹1,000 crore war-risk insurance fund as Hormuz crisis disrupts tradeIndia is exploring a dedicated fund to back insurers offering war-risk cover for ships. This move aims to ensure trade continuity through c...
- General Insurance stake sale: Govt likely to earn Rs 4,700 crore from 6.8% divestment in GIC ReThe government is set to sell a 6.8% stake in General Insurance Corporation of India (GIC Re) through an offer-for-sale, priced at Rs 395 p...
- GIC Re shares tumble over 5% as government offloads stake via OFSGIC Share Price: Shares of General Insurance Corporation (Re) of India dropped by 5.4% to Rs 398.60 as the government began selling its 6.7...
- GIC Re's standalone net loss widens to Rs 771 cr in Jun quarterOn a consolidated basis, there was a net loss of Rs 1,039.69 crore during the reported quarter, against Rs 497.07 crore loss a year ago.
- GIC Re posts Rs 1,991 cr profit in FY21The state-owned reinsurer had posted a loss of Rs 186.46 crore in 2019-20.
- GIC Re hits 20% upper circuit limit as government mulls privatisationThe finance ministry and Niti Aayog will together finalise whether the general insurer will be considered for privatisation, a senior gover...
- GIC Re Q2 results: Posts net profit of Rs 230 crIts gross premium during July-September 2020 grew to Rs 10,651.50 crore, compared with Rs 9,459.21 crore in the year-ago period, GIC Re sai...
- GIC Re shares zoom over 8% as Q4 net income nearly doublesThe company's net income stood at Rs 603.4 crore in the corresponding period of the preceding fiscal.
- Buy GIC Reinsurance, price target Rs 270: HDFC SecuritiesThe brokerage estimates an FY22E adjusted RoE of 9.9 per cent, and values GIC RE at 0.9x Mar-22E ABV, less 5 per cent discount.
- General Insurance Corp. Re gets Lloyd's entryWith the spurt in crop insurance, GIC Re’s had seen significant growth from the Indian insurance market.
- GIC profit soars in Q2 on underwriting, price gainsThe company reported combined ratio of 99.4 per cent for the first half of the year up from 99.1 per cent.
- 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.
- GIC Re files DRHP to raise over Rs 7,000 croreGIC has a net worth of Rs 45,000 crore, including fair value. Valuation of the company will depend on factors such as net worth, combined r...
- GIC may be 1st PSU general insurer to launch IPO next fiscalTwo months after the Cabinet gave a go ahead to the listing of five general insurance companies, DIPAM has set the ball rolling for listing...
- GIC Re moves a step closer to IPOGIC Re is expected to divest 10% initially and subsequently raise this to 25% in three years as that is the requirement under the listing n...
- 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...
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