Page 2 - General Insurance Corporation Of India Gic Re
General Insurance Corp logs Q4 PAT at Rs 2,005 cr, cuts underwriting loss
The General Insurance Corporation of India (GIC Re) closed last year with a higher after tax profit and gross premium income
 "General Insurance Corp logs Q4 PAT at Rs 2,005 cr, cuts underwriting loss")
Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs
Most large floats by the government have failed to create long-term wealth for investors
 "Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs")
Madhulika Bhaskar of GIC Re named acting chairman of New India Assurance
The position of CMD of New India has been lying vacant since former chairman Atul Sahai retired on February 28
How GIC's ownership problem is keeping insurance biz from growing up
Government shareholding and preferential regulation have skewed the reinsurer's efficiency and, by extension, that of the non-life insurance industry's too
 "How GIC's ownership problem is keeping insurance biz from growing up")
GIC Re hits 52-week high, zooms 62% in a month on privatisation buzz
GIC Re is the largest reinsurer in the domestic reinsurance market in India and leads most of the domestic companies' treaty programmes and facultative placements
 "GIC Re hits 52-week high, zooms 62% in a month on privatisation buzz")
Irdai says LIC, GIC Re, New India are too big to fail, need more control
The three are seen as key players to deal with systemic risks and moral hazard issues, have been told to raise corporate governance levels and promote a sound risk management culture
 "Irdai says LIC, GIC Re, New India are too big to fail, need more control")
Covid-19 impact: GIC Re reports a pre-tax loss of Rs 811.22 crore in Q1FY21
Its investment income for the reporting quarter dropped 18.5 per cent to Rs 1,142.83 crore in Q1FY21, compared to Rs 1,401.90 crore in the same period last financial year
General Insurance Corporation jumps 8.5% as Q4 net profit grows 98% YoY
Combined Ratio of the reinsurer for FY20 stood at 114 per cent compared to 106 per cent in FY19
 "General Insurance Corporation jumps 8.5% as Q4 net profit grows 98% YoY")
New products to cover pandemics are the need of the hour: GIC Re chief
In a Q&A, Devesh Srivastava, the CMD of India's largest reinsurer, also dwells on the moves made to cu losses in the crop segment and Covid-19 impact on his firm, among other things
 "New products to cover pandemics are the need of the hour: GIC Re chief")
GIC Re's size and monopoly not helping it attract investors' attention
Despite being the largest player in the domestic reinsurance industry, weak fundamentals cap the stock's appeal
Operating profitability the Achilles' heel for GIC; stock rises 8%
Bringing down combined ratio to below 100 a tough task
 "Operating profitability the Achilles' heel for GIC; stock rises 8%")
Devesh Srivastava takes charge as CMD of General Insurance Corporation
His name was recommended by Banks Board Bureau in August this year
 "Devesh Srivastava takes charge as CMD of General Insurance Corporation")
GIC settles insider trading case with Sebi, pays Rs 1.23 cr as remittance
GIC filed a settlement application with the regulator "without admitting or denying the findings of fact and conclusions of law, proposing to settle the defaults" and remitted the settlement amount
GIC Re trades ex-bonus in ratio of 1:1
On the BSE, the stock hit a low of Rs 321 in intra-day trade, its lowest level since listing on the bourses on October 25, 2017.