Indian ministries are creating a sovereign-backed insurance plan. A $100 million Bharat Marine Pool is being formed by insurers to cover sh...

India is exploring a dedicated fund to back insurers offering war-risk cover for ships. This move aims to ensure trade continuity through c...

The 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 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...

On 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.

The state-owned reinsurer had posted a loss of Rs 186.46 crore in 2019-20.

The finance ministry and Niti Aayog will together finalise whether the general insurer will be considered for privatisation, a senior gover...

Its 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...

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

The 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.

With the spurt in crop insurance, GIC Re’s had seen significant growth from the Indian insurance market.

The company reported combined ratio of 99.4 per cent for the first half of the year up from 99.1 per cent.

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

GIC 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...

Two 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 is expected to divest 10% initially and subsequently raise this to 25% in three years as that is the requirement under the listing n...

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