Gic-re

GIC Re withdraws marine cargo war cover for facultative contracts

State-owned reinsurer GIC Re withdraws marine cargo war cover for facultative reinsurance contracts in several high-risk maritime zones amid rising tensions near the Strait of Hormuz

Global reinsurers scrap marine hull war cover amid West Asia tensions

Several global reinsurers, including GIC Re, have withdrawn marine hull war cover as West Asia tensions escalate, sharply increasing premiums and raising operational risks for exporters

FSIB recommends Hitesh Joshi as CMD of GIC Re; awaits Cabinet nod

FSIB has recommended Hitesh Joshi for the CMD post at GIC Re, marking the first selection process allowing private sector applicants; the final decision now moves to the Cabinet

Chart check: Analyst expects further 9% gain in this insurance stock

GIC RE stock has witnessed a falling trendline breakout after a phase of strong consolidation on the daily chart, says Om Mehra, technical research analyst at SAMCO Securities.

GIC Re Q3 result: Profit falls 6% to ₹1,519 cr; income rises to ₹11,557 cr

GIC Re on Saturday reported a 6 per cent drop in net profit to Rs 1,519 crore for the third quarter ended December 2025. The state-owned reinsurance company earned a net profit of Rs 1,621 crore in the October-December period of the last fiscal. Total income of the re-insurer rose to Rs 11,557 crore in the quarter, compared to Rs 10,479 crore in the same quarter a year ago, GIC Re said in a regulatory filing. Gross premium improved to Rs 10,987 crore during the third quarter of the current fiscal against Rs 9,968 crore a year ago period. During the quarter, the premium earned rose to Rs 9,580 crore, as against Rs 8,540 crore in the same period a year ago. The solvency ratio increased to 3.87 from 3.52 at the end of December 2024. Total assets of the company rose to Rs 2,03,414 crore, as against Rs 1,88,953 crore in the same period of previous year. GIC Re is the largest reinsurer in the domestic reinsurance market and leads most of the domestic companies' treaty programmes and .

Govt holds road shows to sell 10% stake in General Insurance Corp

India plans to sell a total of 10 per cent stake in the insurer in tranches to meet the market regulator's minimum public shareholding norm, Reuters reported last year

These 2 large-, mid-, small-cap stocks can rally up to 22%, say charts

DMart, Larsen & Toubro, Mphasis, General Insurance Company, Godawari Power (GPIL) and New India Assurance (NIACL) across market categories look favourably placed on technical charts.

GIC Re Dubai unit gets ₹90 cr VAT demand from UAE tax body, to seek review

GIC Re on Saturday said its Dubai Branch has received a VAT demand notice of approximately Rs 90.42 crore from the Federal Tax Authority (FTA) of the United Arab Emirates. The VAT demand notice comprises United Arab Emirates Dirham (AED) 12,868,602.71 in net due tax and AED 25,966,807.36 in administrative penalties. The demand notice relates to discrepancies in VAT returns filed for January 2018 to December 2020, GIC Re said in a regulatory filing. GIC Re is currently reviewing the order in detail and intends to file a reconsideration request with the Authority within the statutory timeline, it said. There is no material impact on financials, operations or other activities of the Corporation due to the above-mentioned order, it said.

GIC Re Q4FY25 results: Net profit declines 17.4% to ₹2,182.89 crore

GIC Re's Q4 net profit fell 17.4% YoY to ₹2,182.89 crore due to underwriting loss; full-year profit up 3.1% to ₹6,701.36 crore; solvency ratio improves to 370%

Non-life insurers to meet DFS secy for revision in motor third-party rates

Cession is the portion of insurance premiums that insurers pass on to a reinsurer, in this case, GIC Re

5 midcap stocks ideas that can deliver up to 24% returns in the short-term

Aurobindo Pharma, IPCA Labs, Oil India, Mazagon Dock and GIC RE are the 5 midcap stocks that can potentially surge up to 24% from present levels, suggests technical charts.

Reinsurance rates set to firm up in April: GIC Re CMD Ramaswamy Narayanan

We have been trying to reduce the underwriting losses. The domestic business has more or less remained where it is, said Ramaswamy Narayanan

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

GIC Re Q2FY25 results: Net profit increases 16% to Rs 1,860.76 crore

The underwriting loss of the company decreased by 26 per cent to Rs 1,088.43 crore from Rs 1,471.61 crore

Stocks To Watch: Wipro, HAL, Dmart, Ola Electric, GIC Re, Oberoi Realty

Stock Market Today: Adani Enterprises has successfully raised $500 million through a share sale, marking its return to the equity markets after a previous cancellation.

GIC RE gets bids worth Rs 2,300 cr; demand only half of total issue size

Shares of GIC Re, the country's largest reinsurance company, have rallied over 75 per cent in the past one year. The company is currently valued at Rs 69,825 crore

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.

Plan to diversify in India, abroad: GIC Re CMD Ramaswamy Narayanan

We plan to finish at around Rs 42,000-43,000 crore for FY25, up 15-16 per cent from last year at Rs 37,000 crore, driven by the health segment to a great extent, said GIC CMD Narayanan

Regulatory concerns key hurdle as pvt general insurance players gain share

The implementation of Ind-AS 117 and its assumptions on liability and other insurance-related changes in regulations could be a future cause of concern

Irdai retains obligatory cession of business to GIC Re at 4% for FY25

Obligatory cession refers to the part of the business that general insurance companies have to mandatorily cede to the national reinsurer