 | |
| Company type | Public |
|---|---|
| BSE: 540755 NSE: GICRE | |
| Industry | Insurance |
| Founded | 22 November 1972 |
| Headquarters | , |
Number of locations | Dubai, Kuala Lumpur, London, Moscow[1] |
Area served | Worldwide |
Key people | Ramaswamy Narayanan (Chairman-and-Managing Director effective October 1, 2023)[2] |
| Services | Reinsurance |
| Revenue |  ₹47,751 crore (US$5.7 billion) (2023)[3] |
| ₹8,040 crore (US$960 million) (2023)[3] | |
| ₹6,907 crore (US$830 million) (2023)[3] | |
| Total assets | ₹162,731 crore (US$19 billion) (2023)[3] |
| Owner | Government of India (85.78%)[4] |
Number of employees | 449 as on 31 March 2023 |
| Subsidiaries | GIC Re South Africa Ltd (100%) |
| Website | gicofindia |
General Insurance Corporation of India Limited, (abbreviated as GIC Re), is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on 22 November 1972 under Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd.
- ^ "Overseas Offices". Archived from the original on 1 June 2016. Retrieved 2 July 2016.
- ^ "Board of Directors". General Insurance Corporation of India. Retrieved 21 October 2011.
- ^ a b c d "General Insurance Corporation of India Ltd. Financial Statements". gicofindia.com.
- ^ Nair, Remya (17 March 2021). "Why Modi govt is expected to struggle to sell stakes in 2 listed insurance companies". ThePrint. Retrieved 9 February 2023.