General Insurance Corporation

General Insurance Corporation News

Government entities to lose big if IL&FS defaults on its debt

The list includes General Insurance Corporation, LIC, SBI Employees Pension Fund, Postal Life Insurance Fund, NPS Trust, Oriental Insurance Company and United India Insurance among others.

GIC’s Lloyd’s syndicate to begin operations from April

GIC Syndicate 1947 is the first Lloyd’s syndicate to be backed solely by capital from an Indian reinsurance group.


GIC Re gets in-principle nod for Lloyd’s syndicate

GIC Re has partnered with Ironshore’s Pembroke Managing Agency (Pembroke) to establish and manage the syndicate.

Shares of General Insurance Corporation fall nearly 7% in debut trade

The company proposes to utilise the proceeds towards augmenting the capital base.

FinMin cancels Irda order withdrawing third-party pool

According to a top level source in one of the affected companies the new orders could come well after the elections are over.

GIC Re set to join Lloyd’s market

Indian reinsurer General Insurance Corporation of India (GIC Re),which has turned the corner with a net profit of Rs 2,345 crore for the year 2012-13,is set to become a member of Lloyd’s market,the Mecca of insurance companies. Unlike many other insurance brands,Lloyd’s is not a company; it’s a market where members join together as syndicates […]


India's GIC says no loss from deal with Warren Buffett's Berkshire Hathaway

General Insurance Corp cancelled a deal within a short period after payment of $15 million.

Top state-owned financial,infra firms headless,make do with part-timers

List includes Life Insurance Corporation,General Insurance Corporation and UTI Mutual Fund.

26/11 terror attack: GIC pays Rs 167 crore to Taj,Trident

Indian Hotels (which runs the Taj Mahal hotel) and EIH Ltd (which operates Oberoi Trident) have so far got Rs 167 crore as insurance claim from General Insurance Corporation....