Last Updated: Monday, May 27, 2013, 21:32
State-run General Insurance Corporation (GIC) has reported Rs 2,345 crore net profit in FY13 and has chalked out ambitious expansion plans, including a partnership with Lloyd's of London.
Last Updated: Wednesday, May 01, 2013, 21:59
As per reports, out of the Rs 2,000-crore pool, half will come from four public sector general insurers along with General Insurance Corporation (GIC Re) and the rest will be contributed by oil companies.
Last Updated: Tuesday, March 12, 2013, 19:37
Government on Tuesday said it is examining the way in which the state-owned GIC entered into an arrangement with Berkshire Group of USA and its subsequent cancellation within a short period after payment of USD 15.2 million premium towards reinsurance business cover.
Last Updated: Saturday, August 18, 2012, 14:51
Indian non-life insurers should be careful while underwriting risks as the non-life insurance market is on a high growth path and needs additional capital to support the business, a top official of General Insurance Corporation of India (GIC) said.
Last Updated: Thursday, February 23, 2012, 16:14
Motor and health insurance may become expensive with the government suggesting that insurers should raise premiums to cover their losses.
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