Gic Re

With in the non-life insurance space, the note finds more upside potential in the reinsurance sector while India's life insurance plays are poised for a most growth upside among Asia, riding on the demographic dividend.

Foreign reinsurers’ share expected to cross 50% in FY26 as domestic incumbents see market share drop 

With overseas players rapidly expanding their footprint, domestic incumbents such as GIC Re maybe seeing their market share erode, due to regulatory changes, competitive pricing, and the burden of unprofitable crop insurance

Private general insurers to raise concerns with fin min over 4% mandatory cession to GIC Re, citing profitability strain

While public sector insurers may face less competitive pressure to optimise reinsurance costs, as the mandatory cession aligns with their operational framework, private insurers may face financial stress, say sources.

IRDAI gives operations approval to Valueattics Reinsurance

This decision marks a major step toward fostering competition and diversification within the reinsurance landscape, a domain long dominated by the public sector, the regulator has said

GIC OFS subscribed 1.08 times; Finance Ministry to exercise green shoe option

The government has launched 6.78 percent stake divestment via OFS on September 4 and 5, with a floor price of Rs 395 per share.

GIC Re shares falls 5% as govt to divest 6.8% stake in PSU insurer via OFS

GIC Re shares are in focus as the government launches a nearly 7 percent stake divestment via OFS on September 4 and 5, with a floor price of Rs 395 per share.

Government to dilute 6.78 percent stake in GIC Re for nearly Rs 4,700 crore

The floor price for the Offer for Sale is likely to be Rs 395 per share, implying roughly 6% discount to the CMP, it is learnt. At this floor price, the size of the OFS is pegged at around Rs 4,701 crore.

New India Assurance set to hike premiums by up to 10% in certain health insurance products; stock rises

This price increase is in the insurer's 25 percent of its health portfolio, said sources, adding that there is no hike in prices in Its flagship health products

General Insurance surges 8% following change in management, stock zooms 75% YTD

General Insurance Corporation stock has rallied over 75 percent year-to-date, outperforming benchmark Nifty 50 which has risen 15 percent during this period.

General Insurance jumps 7% to extend rally, stock up 70% this year

GIC Re has risen 40 percent in the past month. Despite the sharp rally, the stock is still some distance from its IPO price of Rs 456 a share

GIC Re shares in high demand; will the momentum continue? | Stock In Focus

GIC Re is one stock that witnessed a smart rally in today’s trade. The stock was among the top movers on Nifty 500. The state-owned insurer has been grabbing headlines in recent times and has also reported its Q3 earnings recently. How do the valuations stack up and will the company’s shares continue to move upwards? Watch to find out!

General Insurers seek removal of obligatory obligatory premium paid to General Insurance Company Re

General Insurers have sought the removal of obligatory premium paid to General Insurance Corporation Re, the obligatory premium is 4% of the amount of the policies sold.

LIC, GIC Re and New India systemically important insurers: IRDAI

D-SIIs refer to insurers of such size, market importance and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system.

GIC Re will continue to focus on bottom-line approach: CMD Devesh Srivastava

GIC Re's Chairman and Managing Director Devesh Srivastava in a conversation with Moneycontrol, talks about the business so far, international expansion, emerging risks, etc.

Privatisation of GIC Re: Will the government bite the bullet?

If the public sector reinsurer is privatised, it will unlock huge value

GIC Re Q4 net income nearly doubles to Rs 1,197 crore on investment gains

GIC Re had an underwriting loss of Rs 463.6 crore during the reporting quarter against an underwriting profit of Rs 101.16 crore a year ago.

String of natural calamities has GIC Re plunging into losses

Consolidated loss stood at Rs 1,496.08 crore against a consolidated profit of Rs 1,868.69 crore.

Mutual funds: The next 25 years

The following article is an initiative of GIC Re and CNBC TV-18 and is intended to create awareness among readers

GIC Re Q4 earnings: Subdued quarter; but long term buy

Being the leader in reinsurance in India, GIC Re has competitive strengths in the domestic market in terms of strong underwriting and actuarial capabilities.

GIC Re renews ONGC's offshore cover

The programme extends comprehensive coverage to upstream offshore assets valued at over USD 40 billion.

GIC Re Q2 net profit jumps over 5-fold to Rs 1,419 crore

The company had clocked a net profit of Rs 251.79 crore in the July-September quarter of the previous fiscal.

What changed for the market while you were sleeping? 20 things you should know

A look at top cues from domestic and international cues that could have a bearing on D-Street.

Expect health insurance scheme to be rolled out: Alice Vaidyan, GIC Re

State-run reinsurance major, GIC Re posted its fourth quarter earnings today. The company showed a strong premium growth of over 80 percent, major portion of it coming from government's crop insurance scheme. The company also posted a bottomline growth of 10 percent. Talking to CNBC-TV18, Alice Vaidyan, CMD of GIC Re cleared the air over the company's IPO plan and said that they expect to list in FY18.

Listing of state general insurers may be staggered. Here is why

Two to be listed in FY18, others insurers' IPO to be done in subsequent financial years