Page 2 - General Insurance Corporation Of India Gic Re

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

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

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

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

Devesh Srivastava takes charge as CMD of General Insurance Corporation

His name was recommended by Banks Board Bureau in August this year

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.