General Insurance Corporation of India

GIC Re or GIC of India is a state owned enterprise in India. It was incorporated on 22 November 1972 under Companies Act, 1956. GIC Re has its registered office and headquarters in Mumbai. It was the sole reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd. GIC Re was ranked in Forbes'[4] list of World's Best Employers and Top Regarded Companies in 2019.

General Insurance Corporation of India (GIC Re)
Public-sector undertaking
Traded asBSE: 540755
NSE: GICRE
IndustryInsurance
Founded22 November 1972 (1972-11-22)
Headquarters
Mumbai
,
India
Number of locations
Dubai, Kuala Lumpur, London, Moscow[1]
Area served
Worldwide
Key people
Devesh Srivastava
(Chairman-and-Managing Director)[2]
ServicesReinsurance
Revenue ₹184.36 billion (US$2.6 billion) (2015-16)
₹28.48 billion (US$400 million) (2015-16)[3]
AUM ₹795.54 billion (US$11 billion) (2015-16)
OwnerGovernment of India
SubsidiariesGIC Re South Africa Ltd (Wholly owned)
Websitegicofindia.com


References
  1. "Archived copy". Archived from the original on 1 June 2016. Retrieved 2 July 2016.CS1 maint: archived copy as title (link)
  2. "Board of Directors". General Insurance Corporation of India. Retrieved 21 October 2011.
  3. Laskar, Anirudh (29 June 2016). "GIC Re records a net profit of Rs2,848 crore". Livemint.com. Retrieved 19 March 2019.
  4. "Forbes".
  5. "Companies Act, 1956" (PDF). MCA.GOV.
  6. "Insurance Act 1938". IRDAI.
  7. https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo4047&flag=1
  8. "GIC Re Brazil". Asia Insurance Post. 27 April 2020.
  9. "Devesh Srivastava takes charge as CMD of GIC Re". Money Control. PTI. 18 December 2019. Retrieved 27 May 2020.
  10. "GICHF".
  11. "Indian Market Terrorism Risk Insurance Pool". IRDAI.
  12. "FAIR". FAIR.
  13. "INIP". PIB.
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