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GIC Re
GIC RE NEWS
GIC Re increases single property cover to Rs 3,500 crore
August 16, 2019 3:15 am
GIC Re has used its new capacity to provide renewal cover to India’s largest private sector corporate account — Reliance Industries’ refinery and petrochemical plants at Jamnagar and Hazira in Gujarat, during 2018-19.
General insurers agree to retain 5% compulsory cession
August 02, 2015 1:49 am
As per IRDA norms, general insurers need to park 5% of their reinsurance business with GIC Re.
Insurance: Lloyds puts conditions for Indian entry
October 19, 2013 1:15 am
General Insurance Corp of India has been planning to become a member of Lloyds market.
Nuclear insurance pool hits inspection hurdle
March 14, 2014 11:50 am
Govt agencies feel data sharing by global reinsurers can impact security
Nuclear insurance pool hits inspection hurdle
October 13, 2013 3:05 am
Govt agencies feel data sharing by global reinsurers can impact security
IRDA panel for cutting compulsory cession to 5%
March 07, 2013 12:34 am
This will create a larger business space for private and foreign reinsurance firms in the country.
GIC not keen to continue with 10% compulsory biz from local insurers
August 07, 2012 1:17 am
With the Indian general insurance market continuing to suffer heavy underwriting losses,GIC Re,countrys official reinsurer,seems to be not any more keen on continuing with the existing practice of 10 per cent compulsory reinsurance business from the domestic general insurers
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