GIC Re to move its operations from Dubai to GIFT City
General Insurance Corporation of India (GIC Re) has decided to transfer its operations from Dubai Financial International Centre (DFIC) to GIFT City (Gujarat International Finance Tec-City), India. This decision is due to the non-renewal of GIC Re's license by the Dubai authorities.
Starting 3 July 2021, the Indian reinsurer's UAE subsidiary will no longer operate from DFIC.
However, the branch will continue to manage the operations in progress as at 3 July 2021.
GIC Re will now run its MENA business from GIFT City located in the state of Gujarat.
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Wed, 25/08/2021 - 09:56
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