GIC Re will stop covering marine hull war risks in several high-risk regions from March 3, 2026, amid rising geopolitical ...

AM Best has revised the outlook to positive from stable for the Financial Strength Rating (FSR) and to positive from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the ...

Mumbai: General Insurance Corporation of India (GIC Re) reported a strong profit performance in the third quarter of FY26, even though its core insurance business remained under pressure. For the ...

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of General Insurance Corporation of ...

New Delhi, Feb 7 (PTI) 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 ...

GIC Re estimates total claims from the Air India crash in Ahmedabad could reach $475 million, with liability payouts significantly exceeding the aircraft's value. Ramaswamy Narayanan, chairman of GIC ...

No insurance companies will get marine hull war risk reinsurance support from GIC Re for certain high-risk zones with effect from Tuesday evening for an indefinite period of time. This move from GIC ...