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Record performance for GIC Re

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Magazine Issue: 
Afro-optimism [3]
Magazine date: 
Jun 2016

General Insurance Corporation of India (GIC Re) published its financial results as at March 31, 2016. The Indian reinsurer posted a net profit of 429 million USD. The company's turnover, for its part, rose to 2.77 billion USD, up by 21.4% compared to the previous year.

Note that GIC Re generates 55% of its business in the local market. Present in London, Moscow, Malaysia, Dubai and South Africa, GIC Re is considered as the 14th global reinsurer. It enjoys an A- rating (excellent) issued by A.M.Best.

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Fri, 08/07/2016 - 11:12

Source URL: https://www.atlas-mag.net/en/article/record-performance-for-gic-re

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[3] https://www.atlas-mag.net/en/issue/afro-optimism
[4] http://www.atlas-mag.net/en/article/2014-ranking-of-reinsurers-in-africa
[5] http://www.atlas-mag.net/en/article/gic-re-is-getting-established-in-china
[6] http://www.atlas-mag.net/en/article/gic-re-expecting-rising-revenues