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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: Lloyd’s puts conditions for Indian entry

October 19, 2013 1:15 am

General Insurance Corp of India has been planning to become a member of Lloyd’s 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,country’s 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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