general insurance corporation of india

India aims to raise Rs 15,000 crore by cutting stakes in 18 firms to 75%: Source

Finance Minister Nirmala Sitharaman set an ambitious target of Rs 105 lakh crore ($15.33 billion) from the sale of stakes in state-run companies, compared with Rs 85,000 crore the previous year, in her budget on July 8 for the fiscal year that began on April 1.

GIC Re Q4 net declines 20% to Rs 603 cr; yearly profit falls by 31%

Gross premium collection during March quarter stood at Rs 8,089.35 crore as against Rs 8,525.02 crore in the year-ago period.

General Insuran Standalone March 2019 Net Sales at Rs 1,699.08 crore, up 178.2% Y-o-Y

General Insuran Standalone December 2018 Net Sales at Rs 1,307.07 crore, up 68.28% Y-o-Y

GIC RE hits 52-week low after HSBC cuts price target

Combined ratio on GIC Re's international business is set to improve in second half of FY19.

General Insuran Standalone September 2018 Net Sales at Rs 169.37 crore, down 91.55% Q-o-Q

GIC Re shares rally 10% after a solid growth in Q1 profitability

Gross premium in Q1 increased 9.3 percent to Rs 18,791 crore compared to Rs 17,194 crore in corresponding quarter last fiscal.

General Insurance standalone Jun-2018 sales at Rs 1,014.36 crore

General Insurance Corporation of India has reported a sales total income from operations of Rs 1,014.36 crore and a net profit of Rs 771.42 crore for the quarter ended Jun-2018

Nifty to definitely hit new high in FY19; these 4 stocks could turn multibaggers

Akash Jain is confident that economic recovery is on its way and that should help corporate earnings grow in double digits in FY19.

GIC Re's syndicate at Lloyd's to begin operations next month

Last December, the Lloyd's Franchise Board granted 'in principle' approval to GIC Re to create 'GIC Syndicate 1947', the company said in a statement.

IPOs raise record funds; Promoters, PEs corner lion's share

The funds that have gone to promoters and other existing investors like private equity players are for the shares sold by them for partial or full exit from the firms.

Tepid Listing: GIC Re shares debut at Rs 857.50, a 6% discount to issue price

The stock did touch a high of Rs 867 and low of Rs 850 (the price in pre-opening trade) in early trade.

GIC Re shares to list on bourses on Wednesday

GIC Re's IPO was oversubscribed 1.38 times during October 11-13. The reinsurance company had fixed the price band at Rs 855-912 for its IPO.

General Insurance IPO subscribed 90% on Day 2

The issue comprises a fresh issue of 1,72,00,000 shares by the Corporation and an offer for sale of 10,75,00,000 shares by the promoter.

General Insurance IPO subscribed 80% on Day 1

The reinsurance company has fixed the price band at Rs 855-912 for its IPO which closes on October 13.

Subscribe to General Insurance Corporation of India : Way2Wealth

Way2Wealth has come out with its report on MAS Financial services IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on October 10, 2017.

GIC to launch Rs 9,000 cr IPO in September-October: Sources

The Government of India will offload 10 percent stake in the company through offer for sale issue.

Public sector general insurers' market share zooms to 48%

The non-life industry collected Rs 91519.50 crore as gross premium for the first three quarters of this financial year, showing a growth of 31 percent.

Why allowing general insurers to list is a double-edged sword

Allowing general insurance companies to get listed when none of the private players are listed could raise questions in certain quarters

Aiming to be among top 10 reinsurers in world: GIC Re

Public sector reinsurer General Insurance Corporation of India (GIC Re) could be among the first general insurers to be listed on the stock exchanges with the Cabinet approving their Initial Public Offering (IPO). In an interview with M Saraswathy, Alice G Vaidyan, chairman and managing director of GIC Re talks about their plans ahead of the IPO.

ITI Re awaits clarity on domestic reinsurer status

Till now, GIC Re was the only Indian reinsurance company. It is entitled to the right of first refusal and also has the privilege of cessions which means a portion of risk is to be mandatorily ceded to it by an insurer.

GIC Housing Finance Q2 net up 15% at Rs 30 crore

The company's net profit was at Rs 25.83 crore in the same period a year ago. Total income of the company during the quarter under review rose to Rs 215.55 crore as against Rs 178.69 crore in the year-ago period, it said in a BSE filing.

'GIC front runner to buy 49% in 3 DLF residential projects'

The realty major is in talks with several foreign private equity (PE) players to raise up to USD 500 million. When contacted, DLF refused to comment saying it doesn't comment on market speculation.

Reinsurance co GIC Re's wings clipped

Reinsurance co GIC Re‘s efforts to expand into newer areas of reinsurance, like nuclear and natural disaster reinsurance have hit a dead end.