General Insurance Corporation of India

General Insurance IPO oversubscribed 1.37 times on last day

General Insurance IPO oversubscribed 1.37 times on last day

The category reserved for qualified institutional buyers (QIBs) was oversubscribed 2.25 times, non institutional investors 22 percent and retail investors 60 percent, merchant banking sources said.

Oct 13, 2017, 21:46 PM IST

Financial sector readies for IPO rush worth over Rs 20,000 crore

The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months.

May 24, 2017, 15:36 PM IST

'GIC says no loss due to buying cover from Berkshire'

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.

Mar 12, 2013, 19:37 PM IST

Non-life insurers need to be prudent in underwriting risks: GIC

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.

Aug 18, 2012, 14:51 PM IST