Magazine date:
Mar 2016 According to Alice Vaidyan, the new chairman and managing director of GIC Re, the Indian group will soon enter China’s reinsurance market. GIC Re is intent on opening a subsidiary there in two or three months. This decision is part of the strategy designed to make of GIC Re one of the major ten global reinsurers.
The group is now considered to be the world’s fourteenth reinsurer. It has recently decided not to acquire a company in Great Britain, pending the establishment of its own syndicate there with Lloyd’s.