General Insurance Corp

Q4 results today: GIC, Aurobindo Pharma, Bluedart, Gillette on May 26

Q4 FY25 company results today: Vadilal Industries, Sumitomo Chemical, Sundaram Finance, Bayer Cropscience will be among 221 companies to post earnings reports for the January-March quarter

GIC Re board of directors approves setting up wholly owned subsidiary in UK

The company has no minimum capital requirement and can be set up with a capital of £1. The corporation will initially subscribe to the minimum capital as may be necessary, at face value

Breakout stock: GIC RE share price up 12%, hits record high on heavy volume

Breakout stocks: The strong surge in GIC RE share came as the stock witnessed a multi-year trendline breakout roughly above Rs 400 level

GIC Re slips 5% after Govt plans to dilute 6.78% stake to raise Rs 4,700 cr

The decline in GIC Re's share price follows the central government's announcement of its plan to reduce its stake in the company by 6.78 percent to raise about Rs 4,700 crore.

Health insurance that is 'Cashless Everywhere': Here's how it works

This initiative, spearheaded by the General Insurance Council, aims to simplify claims processing, mitigate fraud, and bolster overall industry trust

PSU insurers' stocks surge on attractive valuation, RBI's risk weight norms

Low-float stocks are the companies with a relatively small number of shares available for public trading

Escorts, GIC, Welspun: 5 stocks at 52-wk high may turn multibaggers in FY24

The trend in these stocks remains highly robust, with price action exhibiting strong interest from market participants.

GIC Re, New India Assurance extend rally; surge up to 40% in one month

On Monday, shares of General Insurance Corporation hit a fresh 52-week high at Rs 182.65, up 10 per cent; New India Assurance rallied 8 per cent.

Profit-led rally in GIC may fizzle out sans turnaround in underwriting biz

Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally

Non-life insurers not keen on paying obligatory cession to GIC Re

The obligatory cession was reduced from 5% to 4% for 2022-23. The impact of the reduction on GIC Re will be Rs 2,000 crore

GIC Re part of Rs 500-crore insurance pool to cover imports from Russia

While it will be called the fertiliser pool with a corpus of Rs 500 crore, it can be used to cover the risks of oil and gas imports too

Irdai sets up committees through GIC to suggest industry overhaul

These panels have been formed to look into areas of regulation, products, distribution, finance, health, finance, taxation, ease of doing business, among others

LIC, GIC, New India Assurance systemically important insurers: IRDAI

The three insurers have also been asked to raise the level of corporate governance, identify all relevant risks and promote a sound risk management culture, IRDAI said in a statement

General Insurance Corp reports Q1 net loss of Rs 497 cr as premiums decline

Government-owned GIC Re has reported a consolidated net loss of Rs 497 crore in the first quarter of the current financial year as against a net profit of Rs 192 crore in Q1 FY20

Govt plans to reduce its stake in New India Assurance and GIC Re

Plan to merge, list three insurers scrapped for now

GIC Re IPO receives 79% subscription so far on first day

The offer for sale comprises 10.75 crore shares by the Union government

GIC Re files for IPO, may raise over $1 bn

Will issue 124.7 mn shares comprising 14.22% of capital