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`General Insurance Corporation of India (GIC Re) Unveils Customized Corporate My Stamp (CCMS) to Commemorate Golden Jubilee` General Insurance Corporation of India (GIC Re), the national reinsurer released its Customized Corporate My Stamp (CCMS) commemorating it’s Golden Jubilee last evening, 05th September 2023. The stamp was released by Shri Vivek Joshi, Secretary, Department of Financial Services (DFS), Ministry of Finance and the occasion was graced by Shri Krishan Kumar Sharma, Chief Postmaster General, Maharashtra Circle. The Corporation celebrated its 50th Foundation Day on 22nd November 2021....
`General Insurance Corporation of India (GIC Re) Unveils Customized Corporate My Stamp (CCMS) to Commemorate Golden Jubilee`
`General Insurance Corporation of India (GIC Re) Unveils Customized Corporate My Stamp (CCMS) to Commemorate Golden Jubilee`
Source: PR Agency
6/09/2023 5:51:57 PM
Buy General Insurance Corporation of India Ltd For The Target Rs.221/232 - LKP Securities Future Outlook • The 50 year old Largest Re-Insurer accounts for over 65% of the premiums ceded by Indian Insurers providing reinsurance across segments. • Ranked amongst the Top Reinsurers globally in terms of premium, GICRe is a trusted brand in India Technical Commentary • GICRE has given a consolidation breakout. Beside, it is sustaining above 50ema. • RSI is in bullish crossover on the weekly timeframe. • The trend is likely to remain positive o...
Buy General Insurance Corporation of India Ltd For The Target Rs.221/232 - LKP Securities
Buy General Insurance Corporation of India Ltd For The Target Rs.221/232 - LKP Securities
Source: LKP Securities
21/08/2023 2:55:21 PM
GIC Re announces Financial Performance for the Quarter ended 30.06.2023. GIC Re announced financial performance for the quarter ended 30th June 2023 at the Board Meeting of the company held in Mumbai today. We give below the details of our financial performance for the quarter ended 30.06.2023: Gross Premium Income of the company was ? 8,917.71 crore for the quarter ended 30.06.2023 as compared to ? 11,021.83 crore for the quarter ended 30.06.2022. Underwriting Loss is ? 1,557.44 crore for the quarter ended 30.06.2023 as...
GIC Re announces Financial Performance for the Quarter ended 30.06.2023.
GIC Re announces Financial Performance for the Quarter ended 30.06.2023.
Source: PR Agency
10/08/2023 7:51:08 PM
GIC Re announces Financial Performance for the year ended 31.03.2023 GIC Re announced financial performance for the year ended 31 st March 2023 at the Board Meeting of company held in Mumbai today. We give below the details of our financial performance for the Year ended 31.03.2023: * Gross Premium Income of the company was ? 36,591.59 crore for the year ended 31.03.2023 as compared to ? 43,208.46 crore for the year ended 31.03.2022. * Underwriting Loss reduced to ? 2,341.37 crore for the year ended 31.03.2023 as compared to ? 4,266.11 crore for the y...
GIC Re announces Financial Performance for the year ended 31.03.2023
GIC Re announces Financial Performance for the year ended 31.03.2023
Source: PR Agency
27/05/2023 9:25:41 AM
GIC Re announces Financial Performance for the year ended 31.03.2023 GIC Re announced financial performance for the year ended 31st March 2023 at the Board Meeting of company held in Mumbai today. We give below the details of our financial performance for the Year ended 31.03.2023: Gross Premium Income of the company was ? 36,591.59 crore for the year ended 31.03.2023 as compared to ? 43,208.46 crore for the year ended 31.03.2022. Underwriting Loss reduced to ? 2,341.37 crore for the year ended 31.03.2023...
GIC Re announces Financial Performance for the year ended 31.03.2023
GIC Re announces Financial Performance for the year ended 31.03.2023
Source: PR Agency
26/05/2023 12:19:53 PM
Lower underwriting loss, higher investment income, GIC Re posts Rs 3,749 crore PAT Driven by higher investment income and lower underwriting loss and despite a lower premium, India's national reinsurer General Insurance Corporation of India (GIC Re) on Thursday said it closed the nine months, ended December 31, 2022, with a higher net profit of Rs 3,749.15 crore. According to GIC Re, the net profit for the nine month period was Rs 3,749.15 crore as compared to Rs 210.34 crore logged during the corresponding period of the previous year. The company's gross prem...
Lower underwriting loss, higher investment income, GIC Re posts Rs 3,749 crore PAT
Lower underwriting loss, higher investment income, GIC Re posts Rs 3,749 crore PAT
Source: IANS
10/02/2023 10:01:10 AM
Post Budget Reaction : holistic and futuristic Budget ensuring the strengthening of Economy Says Devesh Srivastava, General Insurance Corporation of India Below is Post Budget Reaction From Shri Devesh Srivastava, CMD, General Insurance Corporation of India (GIC Re) “In today’s Parliament, our Hon Finance Minister has delivered a holistic and futuristic Budget ensuring the strengthening of our Economy. Saptrishi, the 7 priorities of Budget 2023 are in support of the government’s 'Aatmanirbharta' mission, focusing on Inclusive development, Youth Power, Infrastructure and investment, Financial Sector, and wo...
Post Budget Reaction : holistic and futuristic Budget ensuring the strengthening of Economy Says Devesh Srivastava, General Insurance Corporation of India
Post Budget Reaction : holistic and futuristic Budget ensuring the strengthening of Economy Says Devesh Srivastava, General Insurance Corporation of India
Source: PR Agency
1/02/2023 5:18:33 PM
APAC reinsurers to log single digit growth, face decline in investment income The reinsurers in the Asia Pacific (APAC) region face single digit growth rate, declining investment income, higher claims and others, said S&P Global Ratings on Friday. India's General Insurance Corporation is one of the major reinsurers in the region. In its report titled "Asia-Pacific Reinsurance Sector Update: Volatility Ahead For Risks And Returns", the credit rating agency said the Asia Pacific reinsurers are facing downside risks amid global headwinds. Commen...
APAC reinsurers to log single digit growth, face decline in investment income
APAC reinsurers to log single digit growth, face decline in investment income
Source: IANS
28/10/2022 11:35:31 AM
GIC Re Unions question bell curve appraisal not used by consultant itself The bell curve appraisal system, junked by many big organisations including consultancy firm KPMG is being proposed to be implemented in General Insurance Corporation of India (GIC Re), the company unions said. They also wondered as to how the bell curve appraisal system would be good for GIC Re when its own consultant - KPMG - was not in favour of it. "The bell curve appraisal system that has already been defunct in many organisations is being proposed to be implemented in GIC Re ...
GIC Re Unions question bell curve appraisal not used by consultant itself
GIC Re Unions question bell curve appraisal not used by consultant itself
Source: IANS
13/09/2022 10:07:30 AM
Government wants public sector insurers rejig first, unions demand wage revision The talks between the unions in the four public sector general insurers, General Insurance Corporation of India (GIC Re), their management and the government has ended in a stalemate, said industry officials. The meeting took place on Saturday. The four are: The Oriental Insurance Company Limited, National Insurance Company Limited, The New India Assurance Company Limited and United India Insurance Company Limited. "The management and the government wanted to discuss the restruct...
Government wants public sector insurers rejig first, unions demand wage revision
Government wants public sector insurers rejig first, unions demand wage revision
Source: Accord Fintech
29/08/2022 1:10:30 PM
Indian insurers create 'fertiliser pool' to cover imports from Russia In order to provide insurance cover to fertilisers imported from Russia and Belarus, the Indian insurance sector has created a Rs 500 crore 'fertiliser pool', said a senior industry official. "With European reinsurers not willing to provide reinsurance support to imports from Russia and Belarus and while India imports a sizable volume of its fertilisers from these two countries, the non-life insurance industry has decided to create a Rs 500 crore pool," the senior industr...
Indian insurers create 'fertiliser pool' to cover imports from Russia
Indian insurers create 'fertiliser pool' to cover imports from Russia
Source: IANS
19/06/2022 2:35:59 PM
GIC Re logs PAT of Rs 2,005 cr, cuts underwriting loss The General Insurance Corporation of India (GIC Re) closed last year with a higher after tax profit and gross premium income. The company's Board of Directors has declared an interim dividend of Rs 2.25 per equity share (on face value of Rs 5 each) for the year under review. During FY22, the GIC Re earned a gross premium income of Rs 43,208.46 crore as compared to Rs 47,014.38 crore for the year ended on March 31, 2021. Last fiscal the reinsurer had earned an after tax profit of ...
GIC Re logs PAT of Rs 2,005 cr, cuts underwriting loss
GIC Re logs PAT of Rs 2,005 cr, cuts underwriting loss
Source: IANS
28/05/2022 11:18:13 AM
GIC studying the $115 mn suit by AM Re in US The Indian government-owned General Insurance Corporation of India Ltd (GIC) has said it is currently in the process of studying the AM Re Syndicate Inc's complaint and quantification of its $115 million damage claim in detail to determine the next steps. The US-based AM Re, a reinsurance provider, has filed a suit for $115 million against GIC for cancelling its agreement and non-payment of commissions for business it brought for the Indian reinsurer. According to AM Re, it had spen...
GIC studying the $115 mn suit by AM Re in US
GIC studying the $115 mn suit by AM Re in US
Source: IANS
4/03/2022 11:45:18 AM
GIC Re shifts Dubai branch to India due to refusal of licence renewal With the Dubai authorities not renewing its licence for not complying with the solvency requirements, Indian reinsurer General Insurance Corporation of India (GIC Re) has decided to shift its operations to GIFT City in Gujarat. The GIC Re is a Government of India company, the national reinsurer and listed on Indian stock exchanges. In a regulatory filing GIC Re said during the quarter ended June, it has decided to place its Dubai branch into run off because of non-renewal of licence by ...
GIC Re shifts Dubai branch to India due to refusal of licence renewal
GIC Re shifts Dubai branch to India due to refusal of licence renewal
Source: IANS
15/08/2021 9:42:09 AM